The Prax Lindsey refinery in the UK is cutting 125 jobs after its parent company entered administration, with no buyer yet secured and unions warning of environmental risks.

The Prax Lindsey oil refinery in North Lincolnshire is cutting 125 jobs after its parent company, Prax Group, entered administration in June, reducing its workforce to 255 direct employees and 500 contract workers. The Insolvency Service, now overseeing the site, confirmed the job losses following a review and continues seeking a buyer while prioritizing safety. Unions, including Unite, criticized the government for issuing redundancy notices before evaluating at least two bids to keep the refinery operating. Concerns remain that the preferred bidder may repurpose the site for storage rather than refining, undermining net zero goals. An investigation into the company’s directors is ongoing, and affected workers will receive redundancy payments through the official receiver.