Unite welcomes Stoneywood Mill buy-out
- Wednesday 25 September 2019
Unite the union has today (25 September) welcomed the announcement that a management buyout team of the Arjo Wiggins Stoneywood paper mill in Aberdeen has been successful following due diligence. Unite has been involved in the ongoing discussions designed to deliver a successful transaction of the site, which has included Scottish Enterprise and various other parties. In January 2019, the owners Sequana stated it had entered administration putting around 500 jobs at risk.
Shauna Wright, Unite regional industrial officer, said: "Unite is glad that after an extensive period of uncertainty for the staff and the local community the management buyout of the Stoneywood Mill in Aberdeen has been successful. We look forward to working with the new management structure going forward and continuing our recognition agreement with the company on behalf of our members. It’s also appropriate to thank all of the Unite shop stewards who have continued to seek the best possible outcomes for their members during this difficult time.”
For more information contact Shauna Wright on 07850644809
Notes to editors:
- Unite Scotland is the country’s biggest and most diverse trade union with around 150,000 members. The union is led in Scotland by Pat Rafferty.