Fears for jobs at Workington factory
Last updated at 14:31, Friday, 23 August 2013
Workers at a Workington factory face an uncertain future after bosses admitted they were keeping their options open over the plant.
The 78-strong workforce at Siddick’s Indorama plant met with management this week as part of a consultation process which the firm said would last a minimum of 30 days.
After the meeting, staff posted claims on social networking websites that the plant would stop production and close by the end of the year.
Last night, Richard Jones, head of investor relations and corporate communications at Indorama Ventures Plc, was asked if Indorama would consider pulling out of the Workington plant.
He said: “The company is keeping an open mind.
“The economic future of the UK doesn’t look good.
“Times are tough for European business, especially with the oversupply of plastic polymer.”
But Mr Jones added that the threat of closure was never mentioned at the meeting and it was held to inform workers that the company was facing challenges and to ask employees to look at ways to help the firm.
He said: “We have made some important attempts at the Workington plant but there has been some problem containing costs.
“We wanted to engage in a two-way consultation with staff to see what the best path forward is.
“We want to consult them on what they think, following all of the increased costs and a lot of competition.
“Problems with the European Union and the excess of the oversupply of plastic polymer capacity has left us in a position to engage with the workforce through the consultation process.”
It is thought a meeting will be called during the first part of September to gather the input of the consultation.
The Siddick factory produces 168,000 tonnes a year of plastic polymer.
The site was bought in 2008 by Thailand’s Indorama Ventures from Eastman Chemicals.
First published at 14:23, Friday, 23 August 2013
Published by http://www.timesandstar.co.uk
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Very interesting piece in The Sunday Times on the 25th August telling how the owner of Indorama has spent Â£50m on his house in Mayfair,London.
How the other half live.
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