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Ineos 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%.
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30 Articles
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Total News Sources30
Leaning Left3Leaning Right1Center16Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
15%
C 80%
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