Ineos has ended its final salary pension scheme and from the 1st of August all new employees will be given a money purchase scheme. This means that instead of having a promise of a pension when they retire, workers have to put faith in the market to look after them when they retire. Not only will it leave new workers on thin ice, it will mean the current scheme will lack support as numbers diminish. The company has argued that this is necessary to stay competitive and make upgrades and invest in the plant. Unite has rubbished this claim saying that the change will save £1.5 million, whereas the upgrades require £720 million.
The Unite union has stated that it has left the door open to negotiations over further action. The current action has come after 8 months of talks between the union and the company. Members were balloted only after Ineos introduced the pension changes without agreement from the union.
Due to the dangerous nature of the work carried out at Grangemouth the strike has affected much more than just the 48 hour period, as it has taken a week to shut the plant down, and may take between and week and up to three weeks to start it back up again. Ineos has tried to keep petrol supplies going by shipping in fuel, however, Unite workers have refused to unload fuel unless it will only go to key workers and emergency services.
The strike and resultant shutting of the refinery has resulted in panic buying of fuel and prices to rise to £1.20 a litre. As the entire world watches, Ineos better take stock, because if they continue with these pension changes then there will be more strikes, and more loss of revenue. As one striker told the BBC “Suddenly we have ended up with the North Sea pipeline closed down. It is just mad - but we can't give up and we won't give up."
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Grangemouth the brave,now leading the charge
28.04.2008 08:19
Grangemouth the brave,now leading the charge,
the whole world wants to join you,
don't believe Murdochs hype keep up the fight,
tackle the corporations for love with people power,
everyone knows peak oil & climate change is happening,
so ration the flow for tractors not corporate jets,
cos the price of food is up & your brothers& sisters starve,
Red adair & David Rockefeller know your right,
demand even more a 4hour day & 4day week with cooperative power,
Lets Strip Inneos & chase morgan, not the world & our assets,
Then we can drill for magna & geothermal shafts for sustainable power galore
Ineos is a privately owned UK chemicals company, and by revenue the third largest in the world (after BASF and Dow Chemical). Its headquarters are located in the small village of Lyndhurst in Hampshire, England. Chairman, CEO and main shareholder Jim Ratcliffe was tenth on the Sunday Times Rich List 2007, with an estimated wealth of £3.3 billion.
The trilateral commission-G8 is in the lsat day of its AGM in Washington DC where tactics against Grangemouth & other workers will be being discussed.
www.trilateral.org
www.indymedia.org.uk/en/2008/04/397666.html
greens syndicalist, cooperative worker, sherwood, ICA,IWW
e-mail: sparkeee1@hotmail.com