In light of Barama Company Limited’s decision to end its forestry operations, an estimated 500 workers are expected to be laid off within the next three months, according to General Manager Mohindra Chand.
While the company embarks on retrenchment over the next three months, Chand said that within that time he is hoping that Barama can work out a “very supportive investment agreement” with the government. He also stressed that on the whole, Guyana is not very competitive on the value-added market and that would have to change if the government wants more from the sector.
Barama announced on Wednesday that it would