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Major deterioration of equipment found at shuttered estates

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19 Oct 2020 10:14 #385385 by chairman
SUGAR, an industry once heralded as the ‘back bone’ of Guyana’s economy, was neglected and downsized by the former APNU+AFC administration to the detriment of not just thousands of sugar workers, but the equipment which will now cost the new People’s Progressive Party/Civic (PPP/C) government large sums of money to replace and reconfigure.
In 2017, the former coalition government had announced the closure of four sugar estates – Rose Hall, Skeldon, Enmore and Wales – leaving close to 7,000 persons without a job or source of income.

The Guyana Sugar Corporation (GuySuCo), “in its glory days,” was referred to as the backbone of Guyana’s economy, as the company employed roughly 16,000 persons; it was a major source of foreign currency, and a provider of community healthcare, drainage services, and welfare facilities.
The industry has since been reduced to a level of insolvency and instability, but the new government believes there is still hope, although there are production challenges relating to low productivity, high cost of production, lack of competitiveness and poor management.

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19 Oct 2020 11:41 #385389 by ketchim

there are production challenges relating to low productivity, high cost of production, lack of competitiveness
and poor management.

That okay : we are NOT a Capitaist society
Even is there is a slight loss, the greater good is the Employment of 16,000 good Citizens !
an by a multiplier effect ten times that amount !

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19 Oct 2020 12:21 #385396 by chairman
i agree

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29 Oct 2020 13:51 #385555 by chairman
The sugar industry can still play a leading role in the socio-economic development of our country in many ways. If we look at employment, it has the capacity to create thousands of good paying jobs and to resume its position as our largest employer.

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29 Oct 2020 14:07 #385560 by ketchim
OR they can retrain as Oil platform workers ???

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29 Oct 2020 14:08 #385561 by chairman
sugar is still king

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