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Regions :: Western Europe

Ineos reopens Grangemouth; receives grant, guarantee for £300-million investment

4:22 AM MDT | October 25, 2013 | Natasha Alperowicz

Ineos Grangemouth announced today that it will reopen its petrochemicals business with immediate effect and it will restart the oil refinery immediately. The move follows “Unite union’s dramatic U turn and its belated recognition that Ineos’s ‘survival plan’ is the only way to ensure Grangemouth’s long term survival,” the company said.   Unite has agreed to no-strikes for three years; to move to a modern pension scheme; a pay freeze for three years; and changes to union agreements on site, including no full-time...

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