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Housebuilder cuts almost 300 jobs | |
(about 3 hours later) | |
One of the country's biggest house builders is planning to make almost 300 staff redundant. | |
The Stewart Milne Group blamed "deteriorating market conditions" for the potential job losses. | |
The Aberdeen-based company said about 289 jobs could be lost, which is approximately 20% of its UK workforce. | |
The cuts will take place across the group, with 120 staff expected to go in north east Scotland, 73 in the central belt, and 96 in England. | The cuts will take place across the group, with 120 staff expected to go in north east Scotland, 73 in the central belt, and 96 in England. |
Chief executive Stewart Milne said: "No-one in our sector is immune from the downturn." | Chief executive Stewart Milne said: "No-one in our sector is immune from the downturn." |
"The lack of liquidity and lower consumer confidence has resulted in a decline in sales and despite our efforts to overcome these challenges, the ongoing market conditions have impacted on us." | |
The company has begun consultations with employees about potential job losses. | |
Glenn Allison, group managing director, said: "We have worked hard to overcome the challenges and minimise the impact of market conditions. | |
"We deeply regret that redundancies may be required at this time. | |
"We will do everything we can to support those employees affected and all other employees in our business while continuing to provide the highest quality standards of service to our customers." | |
Stewart Milne Group was founded by Mr Milne in 1975 and has become one of the UK's leaders in the field. | Stewart Milne Group was founded by Mr Milne in 1975 and has become one of the UK's leaders in the field. |
Its workforce has grown from 30 to more than 1,000 and its turnover from £1m to hundreds of millions. | Its workforce has grown from 30 to more than 1,000 and its turnover from £1m to hundreds of millions. |
Mr Milne became chairman of Aberdeen Football Club in 1997. | Mr Milne became chairman of Aberdeen Football Club in 1997. |
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