All about Austerity Measures

By Edition On Monday, August 6th, 2018

New financial stop another blow for contractors

WILLEMSTAD - A financial stop that has been in effect since November 2017 within the government is being extended, which means that the government is not committing itself to new projects. No maintenance on schools More...

By Edition On Monday, February 26th, 2018

Annual harvest festival in danger due to austerity measures government

WILLEMSTAD - The foundation that annually organizes the harvest festival Seú holds hope for the full subsidy of 250 thousand guilders from the government. But it looks like this year they will have to do with 75 More...

San Juan Puerto Rico
By Edition On Friday, July 8th, 2016

Puerto Ricans won’t accept US-imposed austerity without a fight

SAN JUAN - June 30 was a historic day for Puerto Rico, albeit an unhappy one. US President Barack Obama signed into law the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA), which imposes More...

KLM (1)
By Edition On Wednesday, September 2nd, 2015

KLM announced major reorganization

AMSTERDAM – The Dutch airline KLM is preparing for the first forced layoffs. CEO Pieter Elbers said in a letter to employees that the airline has to operate smaller and more efficient. Now KLM is trying to help More...

Curacao Government Center
By Edition On Tuesday, October 14th, 2014

Redundancy civil servants produces 95.3 million for the government

WILLEMSTAD - The government will produce a saving of 95.3 million guilders due to the redundancy of 418 officers over a period of five years. This is according to a calculation of the Department of Administration, More...

By Edition On Thursday, August 28th, 2014

IMF Executive Board concludes discussions with Curaçao and Sint Maarten

WASHINGTON, WILLEMSTAD - On July 30, 2014, the Executive Board of the International Monetary Fund concluded the 2014 Article IV consultation discussions with Curaçao and Sint Maarten, two autonomous countries within More...

Curacao Government Center
By Edition On Wednesday, June 11th, 2014

Van der Horst and Dick point fingers at each other

WILLEMSTAD – School teachers and their union Sitek were on strike last Monday and Tuesday to protest against raising the retirement age, elimination of the salary indexation and vacation bonus. There is, however, More...

Mrs. Irene Dick
By Edition On Wednesday, June 11th, 2014

Minister willing to reconsider austerity measures in education

Mrs. Irene Dick WILLEMSTAD – Minister of Education, Science, Culture and Sports, Irene Dick is willing to reconsider or even revoke the measures accepted during a meeting of the Council of Ministers last May 9. More...

Minister van der Horst
By Edition On Thursday, June 5th, 2014

Teachers ready to go on strike

WILLEMSTAD – Employees in the education sector are ready to take action. The teachers are angry about the austerity measures of the government. The measures, particularly disadvantaged young people and putting More...

By Edition On Monday, June 2nd, 2014

Sitek continues to oppose measures

WILLEMSTAD - Even after a discussion with the Minister of Administration, Planning and Services, Etienne van der Horst, the teachers union Sitek continues to oppose measures, which the Government intends to take More...