Manchester United co-owners INEOS - who are headed up by bigwig Sir Jim Ratcliffe - have made a major announcement admitting they didn't have another choice View 3 Images INEOS have made a major announcement

Manchester United co-owner INEOS has announced it will axe 20 per cent of staff at its Acetyls facility in Hull as a "direct result of sky-high energy costs and anti-competitive trade practices". ‌

Breaking the news to workers this week, a total of 60 positions are to be eliminated . INEOS has pointed the finger at "dirt-cheap carbon-heavy imports from China" , manufactured using coal power. ‌

The firm revealed that whilst these Chinese goods have been banned from the United States, no such trade barriers exist in the UK or Europe . ‌

David Brooks, CEO of Ineos A

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