CORRECT Fletcher puts strategy under microscope seeking $70M annual gain, will shed jobs

Wed, 20 Feb 2013

(Adds dropped millions in fifth paragraph) Feb. 20 (BusinessDesk) – Fletcher Building chief executive Mark Adamson, in the job for just four months, has embarked on a review of the company’s business model aiming to find $70 million a year in additional earnings from centralising operations. Adamson got approval from his board yesterday for the plan that is likely to see hundreds of jobs cut across Australia and New Zealand. He wants to find ways for the company’s 50-odd independent and autonomous business units to share everything from offic...

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