Fletcher Building cuts more than 500 jobs; eyes $200m annual savings

Fletcher Building managing director Andrew Reding says firm's cost-cutting programme won't influence thinking on strategic review. (Image: NZME)

Rebecca Stevenson

Thu, 20 Feb 2025

Fletcher Building has cut more than 500 jobs, about half of them in Australia, as it pursues an aggressive cost-cutting programme. The dual-listed building giant said on Wednesday it had trimmed about $91 million in costs in the first half of the 2025 financial year and reduced overheads by $61m. The building materials and construction conglomerate will announce a review of its portfolio and potential divestments before a planned investor day in June and is also reviewing its capital structure after a torrid 2024. Fletcher report...

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