Vice President Bharrat Jagdeo on Monday announced that the State-owned Guyana Sugar Corporation (GUYSUCO) would reduce sugar production in Skeldon, Corentyne but would facilitate private cane farming and assign some of the estate lands to shrimp and hemp production.
Addressing residents at Line Path, Skeldon, Corentyne, he said 400 of the 1,700 retrenched persons at Skeldon Estate have been rehired temporarily . “We have had a very, very hard time reopening here and generating jobs,” he said.
In outlining plans for the ailing industry, Mr. Jagdeo said sugar production would be scaled back. “We are going to return to some sugar production but on a smaller scale,” he said. Continue reading
GUYANA: Uncertainty over GuySuCo assets as reopening of estates fade
…. as PPP/C’s dream of reopening shuttered estates fades
When the former A Partnership for National Unity + Alliance for Change (APNU/AFC) government decided to close four non- performing sugar estates in 2016 and 2017, the then administration decided to place the assets of Wales, East Demerara, Rose Hall and Skeldon sugar estates under the control of the National Industrial and Commercial Investments Limited (NICIL).
Severed GuySuCo workers received their severance pay and was given an additional $250,000 payout by the PPP/C government. Some observers say that the $250,000 may have been a “conscionable” payoff by the government given the difficulty it faces to reopen the estates and rehire the workers as promised. Continue reading →
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