Dow Chemical Co.'s plastics additives unit plans to close its Grangemouth, Scotland, operation with the loss of 66 staff. The company claimed “ongoing economic uncertainty” as the reason for the move.
The Scotsman, which broke the news, quoted a Dow spokesman who told the newspaper that the current economic climate, couple with “increases in manufacturing costs, competition, fluctuating raw material and energy prices” spelled the end of the plant.
“In January 2014, the site will enter a period of consultation with employees where they will discuss the closure proposal in more detail.”
The newspaper reported a source within the plant who said that staff were “shocked and angry” as there was an understanding that the facility, which was only recently put up for sale, had a future.