The Guyana Sugar Corporation (GuySuco), and the Guyana Agricultural and General Workers’ Union (GAWU) will this Wednesday, begin discussions for workers’ Annual Production Incentive (API) for 2015.
Chief Executive Officer (CEO) of GuySuco, Errol Hanoman said that the corporation always had in mind to meet and address the matter of workers’ API. He said that following the discussions, an API will be derived.
Meanwhile, Hanoman detailed that the Second Crop Production up to today stands at 126, 198 tonnes. The set target of 146, 300 tonnes, he thinks will be achieved on time.
The CEO is optimistic that GuySuco will reach its overall 2015 target of 227, 443 tonnes, in three weeks’ time since currently the production figure is at 207, 341.
Irrespective of targets set and reached, incentives were always given, even though in cases of underachievement, the ‘pay-off’ had to be commensurate with the production and profit of GuySuco.
Meanwhile the CEO said that everything is going reasonably well at the corporation noting that, “Once you are meeting your target, your markets are in place.”
However with the fluctuating prices for sugar on the international market, GuySuco has to keep an eye on this aspect.