GUYSUCO Confident Of Sugar Production This Year
The year has just started and the Guyana sugar corporation GUYSUCO is already expressing confidence that sugar production this year will be better than that of last year. 2010 was recorded as one of the worst years for the sugar industry. The industry failed to meet its production target and was hit with several strike actions. But the government is pumping more money into industry hoping for a revival.
With huge offerings in this year’s budget, the government has set aside 1 billion dollars to be disbursed to GUYSUCO which will ensure that workers receive salary increases in a timely manner and to ensure that debt is taken care of.
GUYSUCO workers spent most of last year complaining about the conditions they have to work under and their salaries. They have been pushing for salary increases but the company has been holding out that it is in no position to offer such increases as production was lower and worker turnout was the same.
The union representing the sugar workers has already started new talks with the company pushing its demands and giving commitments of its own. GUYSUCO is setting itself a 300,000 tonne target this year. That’s higher than the two previous years that saw the industry facing difficulties in meeting the target.
Meanwhile, the company is expected to spend even more time and money on that Skeldon sugar factory that is still to really get up and going. The multi billion dollar facility has not been able to fully stand up to what it was expected to do.