Stoneywood Mill staff retained following management buyout

Ninety five staff members have been retained by the administrators to assist them with the operation of limited activity across the two sites while they explore the possibility of a sale of the sites and assets.

The economic headwinds that have been affecting industrial manufacturing businesses up and down the country, including skyrocketing energy costs and spiralling input prices, have proved to be overwhelming for the group, despite the severe challenges posed by the pandemic.

The management team has asked that they pass on their sincere thanks to all employees, customers and suppliers, plus Scottish Enterprise, for their strong support during these very difficult times, and they would like to express their deep regret that there was no other option available for this historic group. This is a huge blow to our members who stood by the mill through the last administration and welcomed the management buyout, which gave them hope for the future.

Stoneywood Mill has been a very successful business in our city for more than 250 years and everything must be done to safeguard jobs and protect its future, he said.

Richard Thomson, SNP MP for Gordon, said with Jackie Dunbar, MSP for Aberdeen Donside, he would hold an urgent meeting with the administrators to discuss the options for preserving papermaking on the site, and to discuss the options for retaining as many jobs as possible.