It was confirmed early in November that the Murco refinery will be decommissioned and turned into a storage and distribution facility, after its pending sale to Klesch Group fell through.
The refinery supported 4,200 jobs in the region, in addition to its own direct workforce of 400 employees and 200 contract workers, the BBC reported. Many of these workers are unaware of whether their jobs are safe or where they'll find work next. Bryan Kelly, the vice president of U.K. operations for Murco, told the BBC only 50 to 60 jobs would be retained when the refinery becomes a storage and distribution facility. The workers who will be let go will receive at least 30 weeks' pay.
The Murco plant was one of seven remaining oil refineries in the U.K, according to the Telegraph. The facility processed 135,000 barrels of crude oil each day, which was about a tenth of the nation's refined oil products output. It's estimated the refinery contributed more than $47.75 million to the regional economy, the BBC reported.