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Ineos Cuts 60 Jobs at Hull Plant, Blaming Chinese Imports and Energy Costs

Ineos cites cheap Chinese imports alongside high UK energy and carbon costs, urging swift trade protections.

Overview

  • The reduction removes about 20% of roles at the Ineos Acetyls site in East Yorkshire.
  • The company says carbon‑heavy Chinese products are flooding Europe after being blocked by US tariffs, intensifying pressure from UK energy and ETS costs.
  • Ineos is pressing the UK government and European Commission for urgent anti‑dumping action, with one statement referencing tariffs on Chinese and US importers.
  • The firm highlights a recent £30 million switch to hydrogen at Hull to cut emissions, saying such investments are being undermined by current cost and trade dynamics.
  • Executives warn more European sites could close after layoffs in Rheinberg, and they note a UK ETS penalty U‑turn for Hull while stressing unresolved structural problems.