Sugar corporation’s struggles bigger than the individuals sitting on the Board
Amidst calls for the sacking of the current GUYSUCO board following the struggles of the sugar industry, board member Keith Burrowes feels its unfair to lambaste the board, since in his view a number of issues affecting production existed even before the current board was appointed. Burrowers was speaking at a procurement workshop at Sleep-Inn Hotel recently. Burrowers, who is also the Chairman of the Central Tender Committee said the aim is to cut the cost of production at GUYSUCO. He noted that last year Guysuco was able to cut some $500M dollars in cost and this year the target is $1b dollars.
Burrowers said the focus is to have the procurement department operate in accordance with international standards.
The event saw the participation of senior finance managers, persons who deal with inventory and procurement, and other senior managers of the corporation.
He related that there would be further engagements with the CTC and senior managers within the corporation, to look at areas in which costs can be cut.
The CTC Chairman said he is very confident that there will be significant reduction of expenditure as a result of this process.