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The Independent UK
The Independent UK
Business
Craig Paton

Financial statements from Grangemouth owner give ‘distorted picture’, says union

Derek Thomson Unite Grangemouth Petroineos Ed Miliband Iain Hardie Sharon Graham Economy Energy MSPs
The refinery is due to close in the second quarter of next year (Andrew Milligan/PA) - (PA Wire)

A trade union official has questioned financial statements produced by the owner of the Grangemouth refinery, saying they present a “distorted picture”.

Petroineos announced in September plans to close the refinery in the second quarter of next year, citing the plant’s commercial viability, with it due to pivot into a fuel import terminal, putting 400 jobs at risk.

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