GUYSUCO Not Pleased With Union’s Strike Actions
GuySuCo is holding out that it is cash strapped at this time with millions owed to local and overseas companies. The sugar company is reporting that the current financial state is a result of the many strike actions taken by workers of the Guyana Agricultural and General Workers Union. GuySuCo has recorded revenue losses of 100 million dollars after workers took industrial action last November.
The company’s Chairman, Dr. Nanda Gopaul said the corporation is disappointed at the union which represents 90 percent of its workers. He believes that the union has failed in executing its duty in a responsible manner since they were well aware of the company’s financial problems.
The Chairman said the company is reviewing the current relationship between the union and the corporation as it considers terminating the recognition, Avoidance and Settlement of disputes agreement. He hopes that this move will make the union return to the negotiation table and help the company encourage workers to boost production.
President Jagdeo has since indicated that the state owned company will not derecognize the union under his watch.
GuySuCo anticipates that over 480 thousand tonnes of sugar will be carried over to next year’s first crop. The Company has made it clear if it wasn’t for the many strike actions taken by workers and all went according to the projected plans an increase could have been possible at this time.