Jobs to go at Lincolnshire oil refinery; UK economy grew faster than thought under Labour – as it happened

Insolvency firm running Lindsey oil refinery announces job losses after collapse of parent company Prax Group

About 125 jobs are to go at the Lindsey oil refinery in north Lincolnshire, following the collapse of its parent company, the energy conglomerate Prax Group.

However, there are at least two bids to buy and operate the site as a going concern with a full workforce, according to the Unite union.

We can confirm that 125 Prax Lindsey Oil Refinery employees have been informed that their positions will be made redundant at the end of October. A further 255 employees will remain at the site.

This decision was not taken lightly and follows a thorough review of all aspects of the business, following its insolvency.

The government has been tin eared to the plight of workers at the second oil refinery facing closure in less than a year. This makes a mockery of government promises to protect workers and its plan for net zero.

The government had promised to ensure that job focused bids would be the priority at Lindsey, yet prior to bids even being considered, they are already issuing redundancy notices.