Latest update April 7th, 2025 6:08 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

GuySuCo/GAWU arbitration ruling due today

Nov 22, 2008 News

The decision by the arbitration tribunal set up to deal with the GuySuCo/GAWU wage dispute will be announced today at the Bank of Guyana Boardroom.
The tribunal was commissioned on August 29 last to deal with the wage dispute.
In its written submissions to the tribunal, GuySuCo had stated that it is no secret that the corporation is experiencing, and will continue to experience, a tremendous loss in revenue as a consequence of the draconian price cut being imposed by the European Union (EU), its main customer.
The aggregate price cut phased over a four-year period (2006 –2009) is 36.1 percent, which will see the price of sugar move from US$759 per tonne to US$486 per tonne by 2009.
However, GAWU is contending that the sugar company can meet the wage claim by the union, given the dynamic international market for sugar and expansive revenue-generating initiatives.
GAWU is seeking a pay increase of 14.25 percent in light of the rising cost of living.
But GuySuCo says that it can offer only a 5.25 percent increase for the year.
The tribunal team is led by Deputy Governor of the Bank of Guyana, Dr Gobind Ganga.
Other members of the team are attorney-at-law Cecil Seepersaud and Major General (ret’d) Norman McLean.
Soured wage negotiations between the company and GAWU resulted in workers taking industrial action which lasted for almost four weeks.
Both sides will be bound by the decision of the arbitration panel.

Similar Articles

The Glenn Lall Show|| April, 4th, 2025

Follow on Tik Tok @Glennlall

 

THE BLUNT OF THE DAY

Sports

President’s College upstage Santa Rosa to advance into Quarters

President’s College upstage Santa Rosa to advance into Quarters

Apr 07, 2025

-PC, West Ruimveldt and Three Mile added to the cast Kaieteur News- Action returned to the Ministry of Education (MoE) ground in Georgetown as the Milo/Massy Under-18 Football Championship determined...
Read More
CWI withdraws penalty on John Campbell following Tribunal Review

CWI withdraws penalty on John Campbell following...

Apr 07, 2025

‘One Guyana’ 3×3 Quest Basketball opens with local teams in mixed results

‘One Guyana’ 3×3 Quest Basketball opens...

Apr 06, 2025

GCA, East Coast surge to huge wins 

GCA, East Coast surge to huge wins 

Apr 06, 2025

GFF/Concacaf kick off two-day Match Commissioners Workshop to boost football operations in Guyana

GFF/Concacaf kick off two-day Match Commissioners...

Apr 06, 2025

Chase’s Academic outclass Bartica to move closer to 2025 title

Chase’s Academic outclass Bartica to move...

Apr 06, 2025

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]