After the threatened closure of the petro-chemical plant at Grangemouth by owner, Ineos, the Unite union has now agreed not only to all the concessions the company was initially looking for but also signed a three year no-strike deal. (Ref. 130658)
Earlier, the union had instructed it members to reject the deal. A majority of its members equating to a majority of the workforce did so. The company then called the union’s bluff by saying it would no restart production at the plant, thus making 800 workers redundant.
Unite has given a legal undertaking that it agrees to the ending of the final pension salary scheme and its replacement with a defined benefits one; a three year freeze on pay and bonuses, a reduction in shift and overtime premiums and reduced redundancy pay.
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