The Aberdeen-based Stewart Milne Group, is planning to make nearly 300 staff redundant, as the downturn in the market starts to take its toll in Scotland.

The group blamed "deteriorating market conditions" for the potential job losses, and 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.

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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."

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."

(GK/JM)