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Tag Archives: Guysuco

Closure of Wales estate an “assault on PPP strongholds” – Jagdeo

Leader of the Opposition Bharrat Jagdeo says that the move by the APNU+AFC administration to cease all operations at the Wales Sugar Factory and  Estate of the Guyana Sugar Corporation (GuySuCo)  is a direct assault on supporters of the Opposition People’s Progressive Party (PPP) but it will not bode well for the country. Jagdeo, addressing cane-cutters , residents and others at ...

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Wales Estate to be closed , govt announces

The parlous state of the sugar industry is common knowledge, the government announced through its Information Agency (GINA) Monday afternoon. The new Board of Directors and the Interim Management Committee, appointed in July and June respectively, were charged with, inter alia, bringing a greater level of discipline to bear on the financial operations of the business.  The team confirmed the Government’s ...

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PPP shuts down recommendation to ‘break-up’ GuySuCo

Opposition Leader Bharrat Jagdeo says that the People’s Progressive Party (PPP) will “vigorously oppose” any plans or recommendations dismantle the Guyana Sugar Corporation (GuySuCo). According to Jagdeo, the PPP will “vigorously oppose any plan to dismantle GuySuCo, adding that “the country will not suffer because of political decisions in the economic sphere.” The former President was at the time speaking ...

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Break-up of Guysuco proposed

The state-owned Guyana Sugar Corporation (Guysuco) should exit the production of bulk sugar for export and be broken up into small potentially profitable ventures, according to the Commission of Inquiry. “Guysuco will, therefore, be deconstructed into several subsidiary operations/business units/ revenue streams based on appraisals of their potential profitability,” states the document. The probe team further recommended that if by ...

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GAWU named as major contributor to downfall of GuySuCo

The Guyana Agricultural and General Workers Union (GAWU) has been named as one of the major contributors to the downfall of the Guyana Sugar Corporation (GuySuCo). A recently completed Commission of Inquiry into the sugar industry said that the Union drove a hard bargain with regards to pay increases and bonuses which contributed in no small part to GuySuCo’s current ...

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GAWU dumps idea of merging Wales, Uitvlugt factory operations

The Guyana Agricultural and General Workers Union (GAWU) on Tuesday rejected suggestions by government that the Wales and Uitvlugt sugar factories be merged. “We are opposed to the closure of any factory,” GAWU President, Komal Chand told Demerara Waves Online News. Chand said such a move result in closure of the Wales Estate and increased operational costs by private cane farmers ...

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