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Guysuco strike…Ministry of Labour to intervene as strike continues

Aug 16, 2008 News

The Ministry of Labour will be intervening in the salaries dispute between the Guyana Sugar Corporation and Guyana Agricultural and General Workers’ Union when the entities meet on Monday at the Labour Ministry.
But even as this meeting is being arranged, the sugar company is examining the possibility of closing the La Bonne Intention (LBI) estate sooner than expected.
Yesterday, the strike action continued, and the company continues to count its losses.
While the losses are heavy, a GuySuCo representative said, the company is attempting to maintain its production, so as not to jeopardise its overseas market.
On Thursday, Chief Executive Officer (ag) Paul Bhim told the media that should these ‘wildcat’ strikes continue, then management will be forced to re-look at whether it can continue to sustain eight operating factories.
During a press conference, he said that the strikes are hampering the corporation’s plans to improve its production.
At present, the company is critically assessing the performance of LBI location, and may have to recommend that grinding both LBI and Enmore canes be done at the Enmore factory.
The strikes, he added, are also hampering the efforts by the company to improve on its financial position, particularly after the funding, which was required from its own cash flows, for the new Skeldon factory.
Soured wage negotiations between the company and the Guyana Agriculture and General Workers’ Union (GAWU) resulted in workers taking a standoff since Wednesday.
GuySuCo is contractually obligated to supply its main European customer with 55,000 tonnes of sugar by September 5.
Failing to meet this obligation, the corporation would lose US$70 per tonne of sugar not supplied by the date to the particular market. To date, the corporation has shipped 16,400 of the 55,000 tonnes.
This year, GuySuCo stands to lose close to $1.2B in revenue due to the price cut.

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