Lindsey Oil Refinery in North Lincolnshire is set to reduce its workforce by up to 125 positions following the collapse of owner Prax Group and the appointment of administrators. The refinery employs approximately 420 staff and 500 contractors. Around 255 employees are expected to remain on site.
Attempts to secure a buyer to maintain full operations have been unsuccessful, despite at least two bids being submitted to operate the refinery with its complete workforce. The site remains operational and meets health and safety standards, with administrators prioritising both employee welfare and ongoing sale efforts.
The Insolvency Service confirmed that employees affected by redundancies will have access to statutory redundancy support. An investigation into the financial conduct of Prax Group and its parent company, State Oil, is underway. Union representatives have indicated potential support to help the refinery continue operations, though the outcome is not yet certain.
