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Grangemouth employees sign up to new terms and conditions

20 December 2013

On December 20, INEOS Grangemouth (UK) announced that almost the entire workforce of 1350 employees had signed up to the company’s new pension plan as well as accepted its new terms and conditions. As part of the arrangements, the company is confirming that current salaries for the existing workforce will remain unchanged.

The acceptance of these changes represents the next milestone in securing the £300 million investment needed for the company to continue trading and build a new terminal to import shale gas from the USA, the company said in a press statement. INEOS is also to more than double the number of apprentices and new graduate recruits it is hiring over the next three years.
Calum MacLean, INEOS Grangemouth (UK) chairman, said, “This is another important step in the rebirth of the Grangemouth site. With our costs coming under control, the shareholders are committed to making good on their promise of a £300 million investment, which will allow us to build a new terminal and use US shale gas as a new raw material for the petrochemicals site”.

Maclean added, “There is now a growing belief in the future of the plant. I look forward to a new era of cooperation and teamwork at Grangemouth.”