US EditionIneos blames Chinese 'dumping' for cuts to Hull workforce
Ineos blames high energy costs and unfair Chinese imports for 60 skilled job cuts at its Hull Acetyls factory amid calls for UK and EU tariff action.
- Recently, Ineos is cutting 60 skilled jobs at its Acetyls factory in Hull, blaming sustained pressure from high energy costs and anti-competitive imports.
- Ineos executives blame cheap, carbon-heavy imports from China for flooding UK and European markets and urged the UK Government and European Commission to impose tariffs.
- David Brooks, chief executive of Ineos Acetyls, noted the �30m investment in Hull plant conversion to hydrogen cut emissions by 75%, equaling 160,000 cars removed from roads.
- The firm warned more sites will close and thousands of jobs are at risk without government intervention; it plans to shut two plants in Germany and recently halted processing at Grangemouth refinery in Scotland.
- Ineos is calling on the UK Government and European Commission to impose urgent anti-dumping tariffs, while a Government spokesperson said wholesale gas costs remain 75% above pre-invasion levels and electricity costs will be cut by up to 25%.
26 Articles
26 Articles
Hydrogen Economy - INEOS to cut scores of jobs at East Yorkshire plant amid soaring costs and cheap imports - Hydrogen Central
Hydrogen Economy – INEOS to cut scores of jobs at East Yorkshire plant amid soaring costs and cheap imports Petrochemicals giant INEOS has announced it is set to cut 20 per cent of its workforce in the Hull area, blaming rocketing energy costs and imports from China on the devastating decision. Sir Jim Ratcliffe’s chemicals empire says it is losing 60 skilled jobs at its Acetyls plant near Hull, having explored “every possible alternative”. And …
Ineos blames cheap Chinese imports and high energy costs as it cuts 60 jobs in Hull – Your Capital Minds
Billionaire Sir Jim Ratcliffe’s petrochemicals group Ineos has announced plans to cut 60 jobs at its Hull Acetyls plant in East Yorkshire, citing “dirt-cheap, carbon-heavy imports from China” and “sky-high” UK energy costs. The redundancies represent around a fifth of the site’s workforce, and follow the closure earlier this year of Ineos’s Grangemouth oil refinery in Scotland, which led to hundreds of job losses. David Brooks, divisional chief …
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