Correspondent, London
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Oct 25, 2013

Deal saves Scotland’s Grangemouth oil refinery, plant

LONDON, Oct 25 (Reuters) – A rescue of the Grangemouth
refinery and petrochemical plant in Scotland was secured on
Friday as the union and the company reached a deal, saving 1,400
jobs and preventing a heavy blow to Scotland’s economy.

The Unite union, the largest in Britain, agreed to a freeze
in pay and a cut in pension benefits and pledged it would not
strike for three years.

Oct 24, 2013

Union accepts Ineos demands to avert Scottish refinery’s closure

LONDON (Reuters) – Britain may avert the closure of the Grangemouth refinery and petrochemical plant after union leaders said on Thursday they had accepted demands from the management in an effort to save 1,400 jobs.

Scottish government officials met union leaders and management at Grangemouth on Thursday in hopes of persuading the operator, Swiss-based chemicals group Ineos, to re-open the plant, the largest industrial site in Scotland and its only refinery.

Oct 24, 2013

Union accepts Ineos demands to avert Grangemouth refinery’s closure

LONDON (Reuters) – Britain may avert the closure of the Grangemouth refinery and petrochemical plant after union leaders said on Thursday they had accepted demands from the management in an effort to save 1,400 jobs.

Scottish government officials met union leaders and management at Grangemouth on Thursday in hopes of persuading the operator, Swiss-based chemicals group Ineos, to re-open the plant, the largest industrial site in Scotland and its only refinery.

Oct 23, 2013

Ineos says to close UK chemical plant, decide on refinery

LONDON, Oct 23 (Reuters) – Ineos said on Wednesday it would
close its petrochemical plant in Grangemouth, and the future of
Scotland’s only refinery remained under threat as the company
said it would reopen the facility only if the threat of strike
action was removed.

The 210,000-barrels-per-day refinery, shut last week due to
a dispute, provides most of the fuel for Scotland. It and the
petrochemical plant in total employ around 1,400 staff.

Oct 21, 2013

Britain’s Grangemouth oil refinery on brink of closure

LONDON, Oct 21 (Reuters) – A major British oil refinery was
on the brink of permanent closure on Monday due to a bitter
industrial dispute and strong foreign competition set against
poor European demand in a sector overpopulated with plants.

Workers at Grangemouth, Scotland’s only refinery, were set
to reject the latest offer from owners Swiss-based Ineos in a
dispute over pensions and benefits, with a 1700 GMT deadline
looming, the Unite union said.

Oct 21, 2013

Majority of workers set to reject Ineos Grangemouth offer-union

LONDON, Oct 21 (Reuters) – A majority of workers at the
Grangemouth refinery and petrochemical plant in Scotland will
reject the offer of reduced terms and conditions from the
plant’s operator Ineos, the Unite union said on Monday.

“I’ve been told that only around 300 people so far have
accepted the company’s offer, which is just around one in five
of the workforce so it’s a very small amount,” Pat Rafferty,
Scottish secretary of Unite, Britain’s largest union told
Reuters.

Oct 21, 2013

Oil dips under pressure from supply outlook

LONDON, Oct 21 (Reuters) – Oil fell on Monday amid pressure
from strong supplies, with losses limited by expectations that
the U.S. Federal Reserve will delay curbing its money printing
programme until next year, helping shore up the demand outlook.

Investors awaited the release of delayed U.S. government oil
inventory data later in the day, expecting the figures to point
to increasing supply after private-sector API numbers last week
showed a rise in stocks.

Oct 17, 2013

Ineos gives Grangemouth workers pension ultimatum

LONDON, Oct 17 (Reuters) – Ineos said on Thursday that the
Grangemouth refinery and petrochemical plant it operates in
Scotland can only re-open if workers next week accept cuts in
pensions benefits and changes to union representation.

The company and its workforce remain entrenched in a bitter
dispute that could end in the closure of a second UK refinery in
two years after Coryton, in the east of England, shut in 2012.

Oct 17, 2013

Grangemouth can reopen if workers accept pension cuts-Ineos

* Ineos proposes pension cuts

* Says cost cutting vital for plant’s survival

* Workers have until Monday to respond

By Simon Falush

LONDON, Oct 17(Reuters) – Ineos said on Thursday that the
Grangemouth refinery and petrochemical plant it operates in
Scotland can re-open next week if workers accept cuts in
pensions benefits and changes to union representation.

Ineos said on Wednesday that it was closing the 210,000
barrel per day refinery, and that no move to re-open it would
begin until they had a response from workers to proposed changes
to terms and conditions.

Oct 17, 2013

Oil falls towards $110 hit by stock build, Iran progress

LONDON, Oct 17 (Reuters) – Oil fell towards $110 a barrel on
Thursday, as U.S. inventory data pointed to a well-supplied
market, and as investors took money off the table ahead of a
deluge of data held back by a government shut-down in the United
States.

Progress in talks over Iran’s nuclear programme also helped
pressure crude oil futures since an agreement with the West
could bring more of its oil into the market.

    • About Simon

      "I am a senior correspondent at Reuters in London, working on the energy desk covering the oil market, both physical and futures, with a particular focus on oil products. I have been at Reuters since January 2007, and did stints on the foreign exchange and stockmarkets desk before moving to commodities. I sometimes write lifestyle pieces, and have a particular interest in food and literature."
      Joined Reuters:
      2007
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