THE RETRENCHMENT OF WORKERS BY BOSAI--PRESS RELEASE Monday 6 April 2009




The PNCR has noted with concern recent reports in the media that BOSAI would retrench some 100 employees, beginning on Monday 6th April 2009.

The Party is particularly concerned since, less than three months ago, officials of BOSAI met with President Bharrat Jagdeo and stated unequivocally that, notwithstanding the current global financial crisis, the operations of the company were sound, and that they were contemplating an increase in production.

What are the reasons for this dramatic change, from a promise of increased production to the downsizing its employment base through retrenchment?

It is a reality of the Bauxite industry internationally that, particularly for a company with links, such as BOSAI, production is usually geared to fulfill long term commitments. It is, therefore, a source of mystery and surprise that BOSAI is claiming to be the victim of changes in events, over a two to three month period.

Given the very public statements and commitments of BOSAI, at its interaction with President Jagdeo, the Party and the Linden community, as well as other observers of developments in the Bauxite industry in Guyana, are left to wonder whether those projections of expanded production were deliberately misleading. In the circumstances, we must demand that BOSAI should now state clearly, what are its future plans for the Linden operations.

The PNCR calls on the Government, which is a shareholder in BOSAI, to ascertain and explain, to the people of Linden and the Guyanese public, the true state of affairs at BOSAI, and to take immediate steps to mitigate the negative impacts of job cuts in this already depressed and impoverished community.

People’s National Congress Reform
Congress Place, Sophia,
Georgetown, Guyana
Monday 6 April 2009