As a result of the ongoing challenges affecting the Housebuilding Industry, Stewart Milne Timber Systems have commenced consultations with employees regarding potential reduction in employee numbers, as they realign their business to meet the current market demands.
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 in the house building sector and despite our efforts to overcome these challenges, the ongoing market conditions have impacted on us.”
The potential reduction in employee numbers is likely to be around 74 out of 191 employees. Final numbers will be defined during the consultation process.
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, having established such a successful operation over the last 8 years. 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.”
The Company remains fully committed to its operation in Witney, which is one of the most advanced timber frame operations in Europe and supplies major house builders with timber frame kits.
Glenn Allison said: “The company have developed a full support programme for any of our employees that may be affected by this action. This includes financial advice, counselling and practical support for both employees and their families. The support is available 24 hours a day, 365 days a year fully funded by the Stewart Milne Group.”
Premium developer, Stewart Milne Timber Systems, has scooped the award for Sustainability Innovation at the 2010 Inside Housing Sustainable Housing Awards for its new Sigma II build system.
Stewart Milne Construction has secured two contracts totalling £7 million from Moray Council and the University of Abertay, Dundee. The company will build a new campus HQ for Moray Council to replace a network of satellite offices in the Elgin area.
One of the UK’s leading independent housebuilding, construction and development companies, Stewart Milne Group, was celebrating this weekend after scooping four individual industry awards in just one day. Between the prestigious Homes for Scotland Quality Awards and the NHBC Health and Safety Awards, both held on Friday 21 May, the Stewart Milne Group took home four awards in recognition of its Homes, Construction and Timber Systems divisions.
AIMC4, a unique consortium formed to research and deliver the volume production of pioneering new low carbon homes, is in a race to find suppliers with innovative solutions in the heating and hot water sectors.
Stewart Milne Group, one of Scotland’s largest house builders, has reported a turnover of £276m and a net loss before tax and exceptionals of £2m for the year to June 2009 and, within the context of recent trading conditions, is a robust response to a difficult marketplace.
10 February 2010