Government plans to acquire all the land owned by Caroni (1975) Ltd and set up a new State-owned company to manage it, said Agriculture Minister John Rahael, reports The Trinidad Guardian (June 21, 2002). Rahael also said the Government will offer a Voluntary Separation Employment program to all 9,697 Caroni workers:
Trade unions representing Caroni workers came out against the Government's plan, saying it was an attempt to destabilize the sugar industry. The new State company will stimulate business activity on the Caroni land in: Industrial light manufacturing; Housing estates; Commercial complex; Agricultural estates. Rahael estimates that some 12,200 jobs will …
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