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One of the UK’s major oil refineries has gone into liquidation, putting more than 400 jobs directly at risk and sparking concerns over fuel security.
Lindsey Oil Refinery in Killingholme, Lincolnshire, which employs around 440 workers, has been forced to shut down after its parent company entered liquidation following mounting financial losses.
The move also threatens the future of hundreds more employees across 200 sites operated by the refinery’s owner, the Prax Group.
The company had recently appointed administrators in an effort to stabilise operations, but escalating losses at the refinery proved insurmountable.
Trade unions have reacted with alarm and are now calling on the government to take urgent…