Latest update December 4th, 2024 2:40 AM
GuySuCo is accused of not practicing what it preaches
Dear Editor,
The Senior Communications Officer of GuySuCo never fails to amuse in her responses. I refer to her long winded response to Hydar Ally’s take on the sugar industry in the November 12th edition of Stabroek News.
The Officer proffered several arguments ranging from lack of scientific perspectives to changing shape of the economy. These are all very sound arguments and concepts however; one wonders whether this Officer is aware of what goes on in GuySuCo, her employer. I say this because every day we hear that GuySuCo is bankrupt and labour cost is too high yet, the company in its employment drive from May 2015 to now could afford the following:
These estimations are conservative as additional allowances, facilities and benefits are not included. GuySuCo may wish to correct these figures which will be an upward adjustment. From this, the following should be noted:
(1) GuySuCo is not in financial troubles. Reason being, it could afford to pay nine persons a total of G$12.9M per month including very recent hires. This fits perfectly in Ms. Thomas’ apex of the triangle economy. The average cane harvester, shovel man, weeder, factory worker, officer worker, etc., etc. languishes at the base of the triangle.
(2) Taxpayer’s monies are used to pay all workers including the CEO’s salary of $4M/month and Finance Director’s salary of $2.5M/month.
(3) New hires can receive a salary package of hundreds of thousands of dollars but the average sugar worker cannot receive a 1% salary increase.
(4) Will GuySuCo ever receive value for monies paid out to these 9 persons? All nine persons are in their very senior years and effective work would be just 4hrs/day at best.
Ms. Thomas should ensure GuySuCo practices what it preaches about lowering cost, reducing labour cost, developing a resilient business etc., before attempting to lecture others. The principles being advanced by the company do not coincide with its actions.
Sookram Persaud
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