After a bitter labor battle, INEOS Grangemouth reopensINEOS Grangemouth (UK) has reopened its petrochemicals plant and oil refinery in Scotland. The reopening comes after negotiations with the employe..
After a bitter labor battle, INEOS Grangemouth reopens
INEOS Grangemouth (UK) has reopened its petrochemicals plant and oil refinery in Scotland. The reopening comes after negotiations with the employees union resulted in an agreement, the details of which include no strikes for three years; a move to a modern pension scheme; a pay freeze for three years; and changes to union agreements onsite, including no full-time union conveners. The unions withdrawal of its opposition to the companys survival plan allows shareholders to invest a further £300 million in the company, INEOS said. This money will be used to fund ongoing losses and to finance the building o
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