Fletcher Building’s cost cutting steps up from head office into the divisions

Fletcher Building managing director Andrew Reding says it is carefully considering costs. (Image: NZME)

Wed, 15 Oct 2025

Fletcher Building’s newest downsizing will be structural and “more sticky”, but it has room to swing the axe because of having higher costs than its peers, an analyst says. On Monday, the building conglomerate announced that it would achieve an additional $100 million in savings over the next two financial years. This comes on top of $200m of gross cost savings, including $15m of structural cost savings, in the year to June 30. Fletcher said in August that it intended to find $30m more in the 2026 financial...

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