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Scottish (aberdeen) Builder In Trouble

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Housebuilder cuts almost 300 jobs

The Stewart Milne Group is a major Scottish employer

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.

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.

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.

Edited by quine

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But it can't happen in Scotland... especially Aberdeen, Oil Centre of the UK...... :o

Ah no, not when that "nice Mr Trump", wants to build his heavenly "Golf Village", bringing in "millions" ?

I can't think of anything more useless in a slump, than a "golf village"!

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Aberdeen is different so I am told

(the guy below just sold at the top then bought bigger,2months ago he was claiming houses in A'deen would double in 3 yrs)

"*** yer wrang the credit crunch is showing signes of disapearing and house sales will be back on track although at a more modest increase of 4-5% per year. People have been gloomed by folk liek yerself preaching the world is at an end however if you remove the new house sales from the equation then the housing markets in north east hold up pretty well. Aberdeen is still under developed with asevere lack of quality housing. Even to statify current growing demands a new town wil have to be built...aberdeen is one of the fastest growing cities in uk where are the people going to live if there are no house?

smoke me a kipper, :lol:

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  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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