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Regions :: Western Europe

Ineos proposes pay freeze, modified redundancy terms to Grangemouth staff

7:51 AM MDT | October 17, 2013 | Ian Young

Ineos plans to freeze the pay of workers at the company's Grangemouth, UK, refinery and petrochemical complex and modify their redundancy terms, Scottish media reports say. The plans form part of the company's recently announced "survival plan" for the Grangemouth site. Ineos informed Grangemouth staff of the proposals in a presentation today, the reports say. The survival plan also involves construction of a £300-million ($484 million) terminal at Grangemouth to enable imports of competitively priced ethane from the United States, to feed Ineos's...

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