US Edition125 jobs to go at Lindsey oil refinery as ministers accused of being 'tin eared'
The collapse of Prax Group led to 125 job cuts at Lindsey Oil Refinery despite two bids to keep it fully operational, with 255 employees expected to stay.
- The Lindsey facility in North Killingholme, Lincolnshire, plans to reduce its workforce by 125 employees by the end of October 2025 following its entry into administration in June.
- The planned job losses come after the collapse of Prax Group, owner of the refinery, which led to insolvency proceedings, even though unions confirmed that multiple offers had been made to purchase and continue running the site with its existing workforce.
- Redundancy notices have been issued prior to evaluating bids, while the official receiver remains focused on maintaining site safety and is actively reviewing viable proposals to sell the refinery.
- Unite general secretary Sharon Graham condemned the government for being insensitive to the workers' situation, saying the decision undermines its commitments to safeguard employees and achieve net zero goals.
- The Insolvency Service supports affected employees through the redundancy payments service, but the refinery's future remains uncertain amid ongoing investigations into the company's conduct.
13 Articles
13 Articles
125 Jobs to Be Axed at Lindsey Oil Refinery After Administration
Almost a third of workers at the Prax Lindsey oil refinery are to be made redundant after it fell into administration. The Insolvency Service said on Tuesday that 125 jobs will be cut at the site by the end of October. It will leave 255 workers at the oil refinery in North Killingholme, North Lincolnshire as the official receiver continues to seek a rescue deal for the business. The Government’s official receiver took control of the operation, w…
Up to 125 jobs cut at North Lincolnshire refinery - Business Link Magazine
Lindsey Oil Refinery in North Lincolnshire is set to reduce its workforce by up to 125 positions following the collapse of owner Prax Group and the appointment of administrators. The refinery employs approximately 420 staff and 500 contractors.
The British oil company Prax Lindsey Oil Refinery has reported that it will fire at the end of October around one third of its workforce after declaring bankruptcy. The UK Insolvency Service, which has assumed the administration of the refinery, today pointed out that it has not taken the measure "lightly," but "after a thorough analysis of all aspects of the company, as a result of its situation" of bankruptcy. "We can confirm that 125 employee…
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