The Prax Lindsey oil refinery in North Killingholme, North Lincolnshire, faces significant job cuts as administrators confirm 125 redundancies by October's end.
This follows the facility's collapse into insolvency in June under owner Prax Group, with the Government's official receiver taking control.
The site, one of the UK's few oil refineries, will retain 255 employees while seeking a rescue deal.
An Insolvency Service spokeswoman described the decision as difficult, emphasizing support for affected workers via redundancy payments and prioritizing safety.
The company's directors remain under investigation.
Unions, including Unite, criticize the move, noting at least two bids to operate as a going concern, but fearing the preferred bidder aims to mothball and convert it to storage.
Unite's general secretary Sharon Graham accused the Government of ignoring workers' plight, contradicting net zero promises.
This marks the second refinery closure threat in under a year.
The announcement comes amid broader economic alerts, with free breaking news emails available for updates.
The cuts underscore challenges in the energy sector, balancing job security with environmental goals.
Workers and unions demand job-focused bids be prioritized, highlighting the mockery of government assurances.
As the sale process continues, the site's future hangs in balance, impacting local communities and the UK's refining capacity.
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