Latest update April 25th, 2024 12:59 AM
Jan 01, 2009 News
The new management structure at GuySuCo has seen all the top brass from the company, except Chief Executive Officer Nick Jackson, being sent packing. This comes as a new management structure for the industry takes effect from today.
The new structure is reportedly part of the changes planned for 2009, as indicated by President Jagdeo.
Kaieteur News has learnt that there are substantial differences, over changes required to turn-around the sugar industry, between the management, including the Board of Directors, and the Minister of Agriculture, Robert Persaud.
Persaud is reportedly dissatisfied with management’s ability to make the changes necessary to improve the performance of the sugar company, and as such the matter has now gone to the Office of the President.
Reports are that the minister oversaw the new arrangements and was at odds with many directors of the Board, including the Chairman, who are resistant to the changes in the management.
Under the new structure, there will be consolidation of management, with Regional Directors being responsible for the Berbice and Demerara operations. This will replace the four General Managers who, up to yesterday, ran the different estates.
Also, all financial and human and industrial relations matters will be dealt with from the centre, rather than through the costly route at the estate level.
The Minister of Agriculture has reportedly expressed his lack of confidence in the current management, but is facing resistance in some quarters to make the radical changes he is advocating for.
This newspaper has learnt that Persaud himself went to the GuySuCo head office several days ago to ensure that the changes agreed were implemented, given attempts by several within the management to scuttle the plan to make changes.
Meanwhile, there seems to be disagreement over the decision to impose delay damages on the Chinese company building the Skeldon factory.
The minister, at one meeting, insisted that the company must pay GuySuCo US$5M in damages, due to its inability to supply the factory on time.
From all indications, 2009 will be a critical year for changes within GuySuCo, given the current financial situation.
Based on the company’s business plan submitted to the EU, losses will be made from 2008 to 2016, until when there is a turn-around in the performance of the company.
When Kaieteur News contacted the minister yesterday afternoon, he said that he is not ready to speak on the issue.
He, however, noted that the matter has engaged the attention of the Office of the President.
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