Sources have told Sky that the Grangemouth refinery will be saved in a last-minute deal. The Unite union confirmed that it has accepted the survival plan proposed by Ineos in a dramatic U-turn.
On Friday Unite offered a two-year no-strike deal in an attempt to prevent the closure of the Grangemouth refinery, MP Michael Connarty told Reuters.
The Union has rowed back from its hardline stance over member pay and conditions in order to prevent the loss of 800 jobs at the site.
Len McCluskey, general secretary of Unite, said yesterday the union "was not going to allow this plant to close."The union had previously refused to give a no-strike guarantee and workers rejected the company's survival plan.