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Tag Archives: Guysuco

GAWU wants study on Wales Estate, as Guysuco crafts new business venture

The Guyana Agricultural and General Workers Union (GAWU) and the National Association of Agricultural and Commercial Industrial Employees (NAACIE) want a Social and Economic Impact study to be conducted on the importance of the Wales Sugar Estate. GAWU President, Komal Chand’s call comes even as the Guyana Sugar Corporation (Guysuco) is considering bringing a non-sugar venture at that West Bank ...

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GTUC, GAWU demand broad-based consultations on Wales Estate closure

The Guyana Trades Union Congress Sunday called on government to stop giving lip-service to social cohesion and the constitutional right to participatory decision-making and instead hold wide-ranging consultations with sugar workers and the community of Wales about plans to close the sugar estate there. “Consistent with Article 13 there cannot be a plan for any community without the involvement of ...

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Wales Estate was “economic nightmare”; Gov’t says no one will be in jeopardy

State Minister Joseph Harmon has described the situation that the Guyana Sugar Corporation (GuySuCo) was faced with as an “economic nightmare” even while assurances were being given that stakeholders would not be jeopardized. Harmon at a post cabinet press conference on Wednesday defended the decision by GuySuCo’s management to close the estate and the Government’s support of the said plan. ...

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PPP ready to help govt secure US$50 million to rehabilitate sugar industry

Opposition Leader Bharrat. Jagdeo Wednesday said the People’s Progressive Party Civic (PPPC)-led administration had planned to secure a US$50 minion line of credit from India to rehabilitate the sugar factories. He pledged to help the coalition administration to get the money. “We can work with them ‎ to mobilise 50 million dollars,” he told a news conference at Freedom House, ...

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Wales Estate being closed because it will be too expensive to fix- GuySuco’s boss

The Wales sugar estate has been in a sinking economic state, and over the years, finances were shuttled from the estates which were performing to support that West Demerara estate. This was made clear by Chief Executive Officer of the Guyana Sugar Corporation (GuySuCo), Errol Hanoman during a televised interview on the National Communications Network (NCN) Tuesday evening, hours after Opposition ...

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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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