Arbitration in UK strike talks

 
City A.M. Reporter
INEOS said last night that it has agreed to go to independent arbitration with the Unite union over a dispute at the Grangemouth refinery and petrochemical plant that has led to industrial action including a strike next week.

The move decreases the chances of a strike which could have caused severe disruption to the fuel supply in Scotland and the north of England, and the disruption of a key stream of North Sea oil that underpins the Brent benchmark .