Monday, July 7, 2025
Village Voice News
ADVERTISEMENT
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book ReviewΒ 
  • Education & Technology
  • E-Paper
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book ReviewΒ 
  • Education & Technology
  • E-Paper
  • Contact Us
No Result
View All Result
Village Voice News
No Result
View All Result
Home News

GuySuCo to meet with GAWU on workers salary issue

Staff Reporter by Staff Reporter
April 22, 2021
in News
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

…says despite $3.8B loss in 2020, it is committed to finding a solution

As workers of the Albion and Blairmont Estates protest with the support of the Guyana Agricultural Workers’ Union (GAWU) for increased wages, the Management of the Guyana Sugar Corporation (GuySuCo) has sought to clarify what it said are several inaccurate public statements that were made by the GAWU President.

The Sugar Corporations first explained that after August 2020, the executive organisational staffing at Head Office was increased by a net of two persons, not 30 as alleged by the Union’s President.

READ ALSO

π‚π€π‘πˆπ‚πŽπŒ πƒπšπ² – π‚πžπ₯πžπ›π«πšπ­π’π§π  πŸ“πŸ 𝐘𝐞𝐚𝐫𝐬 𝐨𝐟 π‘πžπ π’π¨π§πšπ₯ 𝐔𝐧𝐒𝐭𝐲

GTUC Message on CARICOM’s 52nd Anniversary- β€œRededicate to the People, Reclaim the Vision”

This is on the backdrop of a current employment freeze of senior staff at the Head Office until the Human Resource and Skills Audit process is completed. That Report is expected to be submitted by the end of June 2021.

Furthermore, GuySuCo said that it’s compensation package is govern by the Hays Job Evaluation Methodology and the Corporation has been unable to meet the recommended rates for the senior staff since 2013 (seven years), which means that the Corporation’s rates are below the average senior management salary rates in the public service and private sector.

“The current management acknowledge that it inherited in August 2020, a debt owed to the GAWU Credit Union and the Union for dues totalling G$113 million.Β  Since then to now the Corporation, with the limited cash flows, has paid approximately G$140 million to the GAWU. The Corporation formally committed to the GAWU to pay a further G$2 million per week to clear the inherited debt,” the Corporation

It said too that GAWU is aware that in 2020, the Corporation made a loss of approximately G$3.8 billion.

In 2020, GuySuCo said that it spent 102 percent of its earned revenue to pay wages and salaries. This meant that without financial support from the Shareholders, the Corporation could not have met its wages bill. The information, it said, is also available to the GAWU.

The 2017 Independent Audited Financial Statement of GuySuCo, by way of the Vesting Order of December 30, 2017 called the GuySuCo (Transfer of Property) Order 45 of 2017 it was stated that β€œall moveable and immovable property of Wales, Skeldon, East Demerara and Rose Hall” were transferred to NICIL.

GuySuCo described the transaction as a “dysfunctional transaction” as the public document acknowledged that even with the transfer β€œthe liabilities of the vested estates remained with the Corporation”.

GuySuCo said: “The Corporation remains firm in its commitment to collaborate with the Unions to bring a final resolution to the workers compensation issues. To that end, the Corporation invited the Union to a meeting on May 4, 2021.

“GuySuCo’ s management remains firm in its commitment to working with all stakeholders, especially the three Trade Unions in the industry, to build a resilient business with an empowered workforce in an environment that is healthy and safe for all.”

The Corporation said that it is desirous of arriving at an amicable solution acceptable to all Stakeholders. Nonetheless, GuySuCo encourages factual discourse to advance the cause of the 7,400 workers and Guyana.

ShareTweetSendShareSend

Related Posts

News

π‚π€π‘πˆπ‚πŽπŒ πƒπšπ² – π‚πžπ₯πžπ›π«πšπ­π’π§π  πŸ“πŸ 𝐘𝐞𝐚𝐫𝐬 𝐨𝐟 π‘πžπ π’π¨π§πšπ₯ 𝐔𝐧𝐒𝐭𝐲

by Admin
July 7, 2025

Today, as we proudly celebrate 52 years of CARICOM, we honour the vision, strength, and unity that have guided our...

Read moreDetails
News

GTUC Message on CARICOM’s 52nd Anniversary- β€œRededicate to the People, Reclaim the Vision”

by Admin
July 7, 2025

On the occasion of the 52ndΒ anniversary of the Caribbean Community (CARICOM), the Guyana Trades Union Congress (GTUC) extends greetings to...

Read moreDetails
News

Guyana Public Service Union CARICOM Day Message 7th July 2025

by Admin
July 7, 2025

The Guyana Public Service Union (GPSU) joins communities across the Caribbean in celebrating the 52nd Anniversary of the establishment of...

Read moreDetails
Next Post

Business community alarmed over crime situation


EDITOR'S PICK

This aerial photo shows fishing boats taking shelter from the approaching Typhoon Khanun at a harbor in Daishan County, Zhoushan City, east China's Zhejiang Province, on July 31 (XINHUA)

China goes all out to tackle typhoon-induced torrential rain, floods

August 2, 2023

Misinformation and misrepresentations can never be the pillars upon which true satire is crafted.

August 15, 2021

ABCEU Joint Statement – World Press Freedom Day

May 3, 2023

Masood relieved by ‘important win’ for Pakistan cricket

October 18, 2024

Β© 2024 Village Voice

No Result
View All Result
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book ReviewΒ 
  • Education & Technology
  • E-Paper
  • Contact Us

Β© 2024 Village Voice