LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Union expresses ‘grave concerns’ of efforts to preserve jobs at oil refinery – London Business News | London Wallet

Philip Roth by Philip Roth
October 9, 2025
in UK
Union expresses ‘grave concerns’ of efforts to preserve jobs at oil refinery – London Business News | London Wallet
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Trump sides with Putin to try and force Kyiv into submission in a brutal peace deal – London Business News | London Wallet

Starmer slammed for not beefing up the military amid Russia’s attack on the RAF – London Business News | London Wallet

How to speed up your sales process without losing quality – London Business News | London Wallet

A union has expressed their “grave concerns” over efforts to preserve jobs at the Lindsey oil refinery.

Unite said they have been contacted by potential bidders for the refinery who are wanting to protect jobs, but they have complained about not being allowed to present their proposals.

The Insolvency Service said the sales process is being carried out “fairly and appropriately” and all bidders for the North Lincolnshire are going through the same process, they said that anyone suggesting to the contrary is “completely wrong.”

Unite general secretary Sharon Graham said: “The Government’s commitment to preserve jobs and support the continuation of an oil refinery at Lindsey is ringing hollow.

“Potential buyers who want to run the whole site are telling Unite that they can’t even get in the door to have their bids considered.”

Energy minister Michael Shanks said: “Our thoughts are with the workers, their families and the community who have been badly let down by Prax, Lindsey oil refinery’s owners.

“The Official Receiver has made this independent decision now in order to provide employees with as much notice as possible, while concluding the sales process in the coming weeks. The majority of the workforce will be retained beyond the end of October and we remain hopeful that a solution will be found that supports jobs on the site long-term.

“The Official Receiver is independently assessing potential bids for the future of the refinery and its assets and has made clear he will continue to work with all bidders with credible and deliverable proposals.

“We have taken immediate action to fund a training guarantee for refinery workers to support them to find new, secure, long-term jobs, including in the growing clean energy workforce. Employees affected by redundancy will have the opportunity to enrol in this scheme from October.”

An Insolvency Service spokesperson said: “Every facet of the sales process for Prax Lindsey oil refinery is being carried out fairly and appropriately, with each bidder following the same process to acquire access to the same information.

“Any suggestion to the contrary is completely wrong.

“The Official Receiver is in ongoing discussions with a number of parties to progress bids with the objective of achieving a sale of the business.

“The Official Receiver remains committed to exploring the best possible outcome. To do so, each bid is being considered with care, due diligence and on an equal footing.”



Source link

Share30Tweet19
Previous Post

China’s Golden Week travel boom masks a bruising price war

Next Post

Luxembourg sovereign wealth fund invests 1% in Bitcoin ETFs

Philip Roth

Philip Roth

Recommended For You

Trump sides with Putin to try and force Kyiv into submission in a brutal peace deal – London Business News | London Wallet
UK

Trump sides with Putin to try and force Kyiv into submission in a brutal peace deal – London Business News | London Wallet

November 20, 2025
Starmer slammed for not beefing up the military amid Russia’s attack on the RAF – London Business News | London Wallet
UK

Starmer slammed for not beefing up the military amid Russia’s attack on the RAF – London Business News | London Wallet

November 20, 2025
How to speed up your sales process without losing quality – London Business News | London Wallet
UK

How to speed up your sales process without losing quality – London Business News | London Wallet

November 20, 2025
Manufacturing firms urge government for action on late payments ahead of Budget – London Business News | London Wallet
UK

Manufacturing firms urge government for action on late payments ahead of Budget – London Business News | London Wallet

November 20, 2025
Next Post
Luxembourg sovereign wealth fund invests 1% in Bitcoin ETFs

Luxembourg sovereign wealth fund invests 1% in Bitcoin ETFs

Related News

XPeng Motors shares plans to expand to these three additional markets in 2024

XPeng Motors shares plans to expand to these three additional markets in 2024

September 4, 2023
EOS Network approves new tokenomics, promises ‘new era’

EOS Network approves new tokenomics, promises ‘new era’

May 31, 2024
What the Visa, Mastercard legal settlement means for your rewards credit card

What the Visa, Mastercard legal settlement means for your rewards credit card

November 13, 2025

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?