Business

Thousands of sugar workers are set to get a wage and salary increase next month whether or not negotiations with the two trade unions are successful, a senior official of the Guyana Sugar Corporation (GuySuCo) disclosed. GuySuCo’s Chief Industrial Relations Manager, Deodat Sukhu told News-Talk Radio Guyana 103.1 FM/Demerara Waves Online News that his negotiating team has already ruled out ...

Following nearly two weeks of industrial action by Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana Inc. (BCGI) workers, police and residents, at Aroaima, are now in a standoff over efforts by lawmen to remove the blockade of the Upper Berbice River, police said. Police on Wednesday swooped down on the area and removed ropes and drums that angry workers and ...

Prime Minister Moses Nagamootoo Tuesday night condemned a Global Witness report that concludes that the 2016 ExxonMobil deal amounts to a US$55 billion giveaway, instead saying that government fast-tracked negotiations to prevent the company from pulling out due to Venezuela’s claim. Nagamootoo criticised Global Witness’ call for a suspension of oil production to pave the way for renegotiation of the ...

Even as the United Kingdom-headquartered international natural resource anti-corruption watchdog, Global Witness, calls for a renegotiation of the Stabroek Block agreement with ExxonMobil to secure at least a 69 percent equal share of oil revenue, an independent probe has found that ExxonMobil appeared to have withheld vital information about another oil discovery before signing the controversial 2016 agreement. The UK-headquartered ...

Russian Aluminium (RUSAL) on Monday decided to close operations at the Bauxite Company of Guyana Inc (BCGI) and fire all 326 workers, citing industrial unrest and damage to property. “The suspension of BCGI will have no impact on the Company’s overall performance, as the expected decline in the overall bauxite supply from Guyana will be substituted with raw material from ...

The Guyana Telephone and Telegraph Company Limited (GTT) says if it does not meet publicly-stated standards of its Blaze fibre optic internet service from February 1, 2020, customers will receive refunds. “We have listened to our customers and made some changes to deliver a vastly improved service to our BLAZE customers in 2020 and beyond. We are determined to elevate ...

The Guyana Bauxite and General Workers Union (GB&GWU) on Saturday said it has made up its mind that its pay dispute with the Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana Inc must be taken to arbitration. Reacting to positions taken by RUSAL representative, Vladimir Permyakov and ahead of a meeting government’s Department of Labour plans to seek with the union, ...

The Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana Inc. (BCGI) on Friday denied breaching the country’s labour laws by laying off 286 workers without notice, saying that it is ready to recall the workers when they lift the blockade of the Upper Berbice River. “Our main message to the ministry and to the authorities is that the blockade is an ...

The Ministry of Social Protection’s Department of Labour Thursday afternoon summoned the management of Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana Inc. (BCGI) to a meeting on Friday to discuss the layoff of a total of 288 workers within the past week without the legally-required notice. Junior Minister of Social Protection Keith Scott, insisting that BCGI has “not properly notified ...

The Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana Inc (BCGI) on Wednesday afternoon issued a notice that 146 more workers have been laid off immediately but the union vowed to continue blocking the Upper Berbice River until they are all reinstated or paid severance. That is in addition to the 142 workers who have been already been made redundant. Representative ...