With 4,000 GuySuCo employees already in receipt of layoff letters, President David Granger on Friday assured that they will get their severance pay and said that the sugar industry is not closing.
“As far as retrenchment benefits or the termination benefits are concerned, the government is responsible for ensuring that the Sugar Corporation fulfils its obligation to the workers,” Granger told a press conference at the Ministry of the Presidency.
Next year’s budget has a $6B allocation for GuySuCo while the severance to workers is estimated at some $5B.
In a statement he read at the press conference, he said
