Fernandes Guyana Enterprise has told employees that it will be discontinuing its bakery operations “Demerara Bakery Inc.”, effective November 30, 2024, citing rising operational costs and an ongoing labour shortage as key factors in the decision.
The company made the announcement in a formal notification letter sent to employees dated October 31st, including a redundancy notice to staff members impacted by the closure. According to the letter, the decision follows the increasing challenges posed by escalating costs of materials, resources, and labour, which have rendered it unfeasible to continue bakery operations.
“The rising costs of resources, materials, labor, and operations, compounded by the continuous labor shortage, have made it impossible for the Company to maintain its bakery operations,” the company explained in the letter.