Grangemouth owners keep site open
The owners of the giant Grangemouth petrochemical site have decided to keep it open, saving thousands of jobs from being lost.
The move followed acceptance by the Unite union of a survival plan, including a pay freeze, ending of the final salary pension scheme and other changes to terms and conditions.
Ineos had said it would close the site, which employs 800 employees, after workers refused to sign up to the changes.
But it said it would immediately reopen the site and the adjoining oil refinery, which have been shut down for the past week as a result of the dispute. A number of contractors have been laid off or switched to other sites.
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Workers heard the news at a meeting with managers this morning.
Politicians from the UK and Scottish governments have been pressing the two sides to break the deadlocked row, warning of the grim impact on the economy if the plant had closed.
Unite's general secretary Len McCluskey met shop stewards and managers at Grangemouth yesterday after announcing that the union had decided to "embrace" the survival plan.