Troy Resources Guyana Inc has decided to terminate hundreds of employees while it continues to make efforts to restart operations.
At September it had 450 employees but suspended around 300 while keeping 137 on for exploratory operations.
Troy’s operations had been shut by the Department of Labour on October 10 after the death of a geologist in an accident.
In a memo to employees today after a crucial board meeting yesterday, Troy Managing Director Ken Nilsson said that “The Board has thus decided that all personnel currently stood down will be terminated as from this week. That decision was made with reluctance and will nevertheless assist employees by providing a termination pay out. It is expected that Troy will go back to re-hiring employees as needed for a start up in the near future and Troy hopes most current employees will be available and willing to return to work”.
Troy expects the payout to be made no later than Friday November 22, 2019.
Troy said that the lack of income over the last six weeks has “clearly damaged” the company.
The company was issued with a cease order on October 10 by Minister in the Ministry of Social Protection with responsibility for Labour, Keith Scott following the death of geologist Ryan Taylor. Taylor died on October 8 while working on the construction of a “bench” in a mining pit. A slippage occurred, which led to him falling and being covered by the rubble. The report on that death has not been concluded yet by the government and the company said that while it has done its own, it will await the government’s findings.
The cease order was later rescinded by the Ministry of Social Protection and the company later received the green light from the Guyana Geology and Mines Commission to restart their operations. This was however not enough for the company which had to evaluate the entire operations and seek assurances from the government.
