Welcoming the news today that Jim Ratcliffe, major shareholder in Ineos, owners of the vast Grangemouth site, will reverse the decision to cut 800 jobs and close the petrochemical site, Pat Rafferty, Unite Scottish secretary said: "This decision is clearly very welcome. Relief will ring right round the Grangemouth community, and across Scotland today. Hundreds of jobs that would have been lost can now be saved and £300 million will be invested into the plant.
"Grangemouth is the powerhouse of the Scottish economy - it now has a fighting chance of upholding this crucial role into the future.
"Obviously today's news is tinged with sadness - decent men and women are being asked to make sacrifices to hold onto their jobs, but the clear wish of our members is that we work with the company to implement its proposals.
"Unite has worked tirelessly to save Grangemouth because we are totally committed to this plant and its incredible workforce. We will now sit down with Ineos to consult on the company's proposals."