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After announcing on Wednesday that the Grangemouth petrochemical plant would close, operator Ineos has now reversed its decision after the union agreed to the proposed “survival plan”.

Union embraces Ineos’ Grangemouth survival plan after brinkmanship fails

Leaders from Unite are reportedly optimistic that Grangemouth petrochemical plant may be reopened after a meeting with management in which they decided to embrace the Ineos survival plan.

Unions to offer concessions to reopen Grangemouth

Union leaders are set to offer concessions to management to try to save the Grangemouth petrochemical plant from closure.

Grangemouth petrochemical plant to close

Ineos has announced that the petrochemical plant at Grangemouth will close after workers rejected a deal that included a pay freeze and pension downgrades.