By Stabroek News – – EDITORIAL
In keeping with one of its major manifesto promises, the PPP/C government is moving ahead with plans to reopen the East Demerara, Rose Hall and Skeldon estates. As part of this process, there have been visits to the various estates by the new Minister of Agriculture, Zulfikar Mustapha and officials of the government holding company, the National Industrial and Commercial Investments Limited.
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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