Fletcher cutting jobs, won't continue wage subsidy

Wed, 20 May 2020

Fletcher Building says 1,500 job losses across New Zealand and Australia will be felt across all divisions as the company responds to the economic downturn caused by covid-19. Chief executive Ross Taylor would not give guidance as to the cost of the restructuring and could not signal which units were more affected in today’s media briefing. “It’s every part of the business, I’m not being evasive…the whole organisation will shrink - its proposals up and down the organisation,” he said as journalists questioned which workers would lose thei...

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