Scotland Grangemouth refinery & petrochemical plant to stay open
Here are some news articles about this story:
http://www.bbc.co.uk/news/uk-scotland-24...
http://uk.reuters.com/article/2013/10/25...
I found out about this while watching British Parliament ( http://www.parliament.uk/business/news/p... ). At the time the MPs were discussing what could be done to keep the plants open, with Secretary of Energy Edward Davey having to basically resort to saying "Well they are a private company, they have the right to close the plant although we certainly hope they don't.." An MP having to defend the right of a private business to close got my interest; it shouldn't be necessary to say it, but I'm glad some politicians still can say it.
The resolution between chemicals company Ineos and the union Unite appears to have happened after the company threatened to close the plant. The resolution appears to be a relative win for the company as it holds back worker pay and pension; the company also got the nod for a loan from the UK government. I just find it interesting.
I am always encouraged when a contract between management and workers is extended without creeping concessions to said workers that will eventually strangle said company -- although gov't meddling ("favorable" to the company in this case) is probably not ideal.
It's good of the company to give its workers an opportunity to realize what their livelihood means to them.
Honestly I didn't look at this closely, just thought I would share.
http://www.bbc.co.uk/news/uk-scotland-24...
http://uk.reuters.com/article/2013/10/25...
I found out about this while watching British Parliament ( http://www.parliament.uk/business/news/p... ). At the time the MPs were discussing what could be done to keep the plants open, with Secretary of Energy Edward Davey having to basically resort to saying "Well they are a private company, they have the right to close the plant although we certainly hope they don't.." An MP having to defend the right of a private business to close got my interest; it shouldn't be necessary to say it, but I'm glad some politicians still can say it.
The resolution between chemicals company Ineos and the union Unite appears to have happened after the company threatened to close the plant. The resolution appears to be a relative win for the company as it holds back worker pay and pension; the company also got the nod for a loan from the UK government. I just find it interesting.
I am always encouraged when a contract between management and workers is extended without creeping concessions to said workers that will eventually strangle said company -- although gov't meddling ("favorable" to the company in this case) is probably not ideal.
It's good of the company to give its workers an opportunity to realize what their livelihood means to them.
Honestly I didn't look at this closely, just thought I would share.
