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Grangemouth petchems to reopen as INEOS/union deal struck

25 October 2013 11:59  [Source: ICIS news]

LONDON (ICIS)--INEOS’s petrochemical complex in Grangemouth, the UK, will reopen after trade union Unite on Friday agreed to a survival plan laid out by management to increase the competitiveness of the site and save up to 1,400 jobs, according to reports.

The union confirmed on Thursday that it had re-entered talks with Switzerland-headquartered chemicals company INEOS in a last-ditch bid to save jobs at the shuttered petrochemicals complex.

A Unite spokesman said that the union would “fully embrace” the survival plan – which includes wage, pension and union representation reforms at the site – and had been awaiting a response from INEOS.

By: Franco Capaldo
+44 (0)20 8652 3214

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