Summary
Ineos, a petrochemical company, plans to cut 60 jobs at its plant near Hull, UK. The company cites high energy costs and cheap imports from China as reasons for the job cuts. Ineos is calling for government help to support the UK chemicals industry.
Key Facts
- Ineos will cut 60 jobs at its Hull site in East Yorkshire.
- The cuts are due to high energy prices and cheap Chinese imports.
- The site produces acetic acid, used in manufacturing.
- Ineos has asked the government to help the chemicals industry in the UK.
- The company has not ruled out more job cuts without official support.
- The industry faces challenges from high gas costs and low-price imports.
- Ineos owner Sir Jim Ratcliffe is also a part-owner of Manchester United Football Club.
