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Showing posts with the label grangemouth ineos

Union Smear Dismissed

In case it perhaps have gone un-noticed considering the initial publicity (and the Scotsman has deemed it not worthy of a follow up story)  but the police investigation of thousands of e-mails released to the Sunday Times by INEOS in its smear campaign against Steve Deans, a trade union official,  were found  “there is no evidence of any criminality." in the words of Police Scotland.

Ineos - the Capitalist Black-mailer

Yet again Ian Bell of the Herald appears to be on the bell with his latest article which the following are extracts, as reading The Herald online is now protected by a pay-wall subscription.

“When the Unite union threatened a strike for this weekend, the company asserted that Scotland would be shut down by a reckless action. Yet with the threat averted, Ineos elects to close its site regardless. It, too, has demands.

Ineos would blame trades unionists for that, of course. Ineos always blames trades unionists. The  Swiss-based concern and Jim Ratcliffe, its multi-billionaire (worth upwards of £3 billion in 2010) ,main shareholder and chairman, have no record of embracing unions. Instead, since 1998, Ineos has grown by cutting wages, stripping out pension schemes and altering working practices.

Ineos wants to be rid of a pension scheme it deems "unaffordable". Once again, it wants to pay less in wages. Not for the first time, duress is inherent in each and every company state…

No "Free" Scotland

Alex Salmond opened the SNP's annual conference with a rousing call for independence – but quickly had to leave for talks that are an illustration of the lack of economic independence Scotland would possess.

Switzerland-based since it moved its HQ in 2010 to reduce its tax bill, after the Labour government refused to allow it to defer payments at the peak of the credit crunch in 2008,  Ineos has put proposals over pay and pensions to workers at the Grangemouth complex, which has 1,400 employees and many more contractors. The proposal includes freezing the basic salary and offering no bonuses until at least the end of 2016. The shift allowance would also be reduced from £10,000 to £7,500 per year, while pensions would be transferred from a final salary to a defined benefits scheme. It has also asked for guarantees that no further strike action will be held by workers. The company has said Grangemouth is "financially distressed" and must reduce costs. The company had told…