President Bharrat Jagdeo has offered sugar workers a five percent one-off pay increase which they will receive before the end of the year—an offer that he said was outside of the ongoing wage discussions involving the sugar corporation.
Since GuySuCo is heavily in debt, Jagdeo said he decided to make the offer but he resisted repeated calls from sugar workers for the pay-out to be tax free. The payout was estimated at around $720 million dollars.
Jagdeo made the announcement yesterday
