Around 125 roles are expected to be cut at the Lindsey Oil Refinery in North Lincolnshire after its parent company, Prax Group, entered administration. The move leaves approximately 255 employees in place, out of a total workforce of about 420 direct staff and 500 contractors.
Efforts to secure a buyer to keep the site fully operational are ongoing, with at least two bids already lodged. The official receiver has confirmed that health and safety at the site remains a priority as the search for a purchaser continues.
The Insolvency Service has launched an investigation into the conduct of the company and its directors following the collapse. Political pressure has also grown in recent months, with calls for scrutiny of Prax’s parent firm, State Oil, before the administration process began.
Unions have signalled that support could be available to assist the refinery in maintaining operations, although the long-term future of the facility remains uncertain.
