Yousaf warns of ‘quite significant’ job cuts as oil refinery to cease operations
The scale of job losses at Scotland’s only oil refinery could be “quite significant”, the country’s First Minister has said, as its owners announced it will cease operations in 2025.
Petroineos, which owns the plant at Grangemouth, said it will become a fuel import terminal.
The company said in a statement: “The timescale for any operational change has not yet been determined but the work will take around 18 months to complete and the refinery is therefore expected to continue operating until spring 2025.”
The firm said the site “faces significant challenges due to global market
