Business
Union hits out as Mossmorran plant ends production
The Unite trade union has criticised oil giant ExxonMobil as it shuttered its Mossmorran plant.
The Fife Ethylene Plant was due to close this month, but the union claimed it was shut down early, with production ending on Monday.
Exxon announced the impending closure last year, with around 400 jobs at risk as a result, claiming it was no longer financially viable.
No immediate job losses are expected as a result of the end of production on Monday, but it is understood 69 staff will leave at the end of April, with 90 remaining to complete the decommissioning of the site, who will then leave in three waves up until the expected completion in early 2028.
According to the firm, 20 staff have chosen to relocate to other parts of ExxonMobil’s UK operation.
Along with the firm’s own staff, around 250 contractors worked on the site.
In a statement, a spokesman for the company said: “After more than 40 years of operations, Fife Ethylene Plant permanently shut down production on February 2.
“In the months ahead the plant will be fully decommissioned and made safe for dismantling. We anticipate this process to be completed by early 2028.”
But the trade union hit out at the firm, claiming it had ended production early.
ExxonMobil had previously planned to close the plant on February 16, but it is understood an operational issue with a unit on the site, which would have required multiple days for repair and to restart, was the reason for the early closure.
Unite’s general secretary Sharon Graham said: “This is another nail in the coffin of the oil and gas industry, with jobs haemorrhaging on this government’s watch.
“Unite has said repeatedly that the government should not be letting go of one rope before it has hold of another.
“Importing oil and gas while we offshore our carbon responsibilities is quite frankly an abdication of responsibility which makes us more vulnerable and betrays workers.
“ExxonMobil’s decision to close Mossmorran ahead of schedule is a disgrace and a betrayal of its workers.
“This is an enormously profitable multi-billion pound company and this unnecessary decision will have a devastating impact on the local community in Fife.”
Deputy First Minister Kate Forbes said the news would be “difficult” for workers, but the Scottish Government was “doing all it can to support them”.
“I have written to worker representatives to assure them of our support and to ExxonMobil to ask that the workforce is prioritised,” she said.
“We have committed £9 million over three years to mitigate the impacts of the plant’s closure, with our Partnership Action for Continuing Employment providing skills and employability support to workers.
“This funding will also support the site’s long-term future, with Scottish Enterprise identifying new investment opportunities.”
Scottish Tory business spokesman Murdo Fraser said the closure was a “terrible blow” for the area and the workers.
“As with Grangemouth, the SNP government promised swift action to protect workers and the local community, but their task force didn’t even meet until last week,” he said.
“These closures are the inevitable result of Labour and the SNP having created a hostile environment for businesses, especially those connected with the oil and gas sector, by piling on punitive taxes and regulations.
“Ministers must now ensure that there is decisive action to support those affected, and not merely empty promises.”
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Gold price today (March 25, 2026): How much 24K and 22K gold cost in Delhi, Mumbai & more- Check rates – The Times of India
Gold futures traded higher on the Multi Commodity Exchange (MCX) on Friday with key contracts registering gains of up to 1.6 per cent amid firm buying interest and supportive global cues.The April 2026 gold contract rose by Rs 2,290, or 1.64 per cent, to trade at Rs 1,41,783 per 10 grams. The contract moved between an intraday low of Rs 1,40,287 and a high of Rs 1,42,800. The June 2026 contract, which saw higher trading activity, gained Rs 1,921, or 1.35 per cent, to Rs 1,44,435 per 10 grams. During the session, it touched a low of Rs 1,43,652 and a high of Rs 1,45,773. Meanwhile, the August 2026 contract advanced by Rs 1,480, or 1.02 per cent, to Rs 1,47,100 per 10 grams, with an intraday range of Rs 1,47,040 to Rs 1,48,600.Here is how gold prices stand across major cities today:
Gold price in Delhi today
Gold prices in the national capital declined, with 24K gold quoted at Rs 14,486 per gram, down Rs 218, while 22K gold slipped Rs 200 to Rs 13,280 per gram.
Gold price in Mumbai today
Mumbai bullion markets also saw a drop, with 24K gold priced at Rs 14,471 per gram, down Rs 218, and 22K gold at Rs 13,265 per gram, lower by Rs 200.
Gold price in Chennai today
Chennai recorded a sharper decline, with 24K gold selling at Rs 14,651 per gram, down Rs 262, while 22K gold dropped Rs 240 to Rs 13,430 per gram.
Gold price in Kolkata today
In Kolkata, 24K gold was quoted at Rs 14,471 per gram, down Rs 218, while 22K gold stood at Rs 13,265 per gram, lower by Rs 200.
Gold price in Hyderabad today
Hyderabad markets reflected a similar trend, with 24K gold priced at Rs 14,471 per gram, down Rs 218, and 22K gold at Rs 13,265 per gram, slipping Rs 200.
Gold price in Bangalore today
In Bangalore, 24K gold was quoted at Rs 14,471 per gram, down Rs 218, while 22K gold was selling at Rs 13,265 per gram, lower by Rs 200.
Gold price in Ahmedabad today
Ahmedabad bullion markets showed declines, with 24K gold at Rs 14,476 per gram, down Rs 218, while 22K gold fell Rs 200 to Rs 13,270 per gram.
Gold price in Lucknow today
In Lucknow, 24K gold was priced at Rs 14,486 per gram, down Rs 218, while 22K gold moved lower by Rs 200 to Rs 13,280 per gram.
Gold price in Patna today
Patna markets also recorded weaker rates, with 24K gold quoted at Rs 14,476 per gram, down Rs 218, and 22K gold at Rs 13,270 per gram, lower by Rs 200.
Gold price in Jaipur today
In Jaipur, 24K gold was quoted at Rs 14,486 per gram, down Rs 218, while 22K gold stood at Rs 13,280 per gram, down Rs 200.
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