Here the Labour parties media department says
Ineos says the petrochemical plant at Grangemouth is to close while the oil refinery will remain open.
Around 800 jobs will be affected by the closure.
In total Grangemouth employs 1,370 staff and a dispute between union members and staff remains unresolved.
The loss of the petrochemicals plant is a major blow and now the focus will be on the refinery which is a key part of the Scottish and UK economy.
Unite should be ashamed of themselves. The Grangemouth plant is losing money and it is no longer sustainable. The Scottish government offered £8 million and central government £125 million in investment but they had to negotiate with the workforce. The majority of the administrative staff agreed to changes in terms and conditions but the shop floor, driven by Unite refused any concessions. The result, 800 workers have now lost their jobs. The private sector cannot survive without profit and global investors just move elsewhere if the work force is too dogmatic. Sad day for Grangemouth.