INEOS Grangemouth (UK) said it began talks on
Monday afternoon with Unite The Union at the offices
of the Arbitration And Conciliation Service (ACAS) in
These talks are intended to find a way to resolve the
dispute over Mr. Stephen Deans, an employee representative on
the site and to prevent a planned strike action by the union.
Unite has informed INEOS that it intends to hold a 48-hour
strike at the site from October 20 until October
22. INEOS has since started the process of taking
down petrochemical plants in anticipation
of this event.
Grangemouth Petrochemicals (UK) says
it is currently facing serious trading issues. The North
Sea gases that it relies on for raw materials are in decline,
and its major contract with BP runs out in 2017.
The site lost over £576 million in the last four years
and is currently losing over £10 million per month. The
pension scheme is £200 million in deficit and pension
costs are an unsustainable 65% of salary.
We have always been prepared to go to ACAS if
this helps to resolve a strike that Grangemouth petrochemical plant and refinery cannot afford,"
said Calum MacLean, INEOS Grangemouth (UK)
chairman. "We hope to be able to resolve the dispute and
address the financial issues that threaten the survival of the