The Scottish and UK governments have pledged a 100 million support package for Grangemouth after Petroineos announced the closure of Scotland's only oil refinery and the loss of 400 jobs. The refinery will transition to an import-only terminal by 2025, reducing employment from 475 to 75. This closure, driven by market challenges and energy transitions, underscores the pressing need for support for affected workers from local governments.
UK energy secretary Ed Miliband expressed deep disappointment over Petroineos's decision to close the refinery, confirming that it poses significant challenges for the workforce. He assured that measures are being taken to support those affected, highlighting the seriousness of the situation and the collaborative efforts by both UK and Scottish governments to mitigate the impact of these job losses.
Gillian Martin, the acting net zero and energy secretary for the Scottish government, acknowledged the challenging times ahead for Grangemouth's workforce, reaffirming a commitment from ministers to support each worker affected by the closure. This situation represents a broader trend of energy transition challenges faced by traditional energy sectors and the growing need for adaptive measures in the evolving market.
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