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Home building biggest worry for construction - Binns
Residential building is the biggest worry for the construction sector with many small “mum and dad” builders struggling just to survive the lockdown, Crown Infrastructure Partners chair Mark Binns says.The home construction sector is small and scattered and relies on a level of c...
Property
Fulton Hogan asks staff to take 2 weeks leave
Fulton Hogan is asking its estimated 5,000 New Zealand employees to take two weeks annual leave in April, despite receiving the government's wage subsidy to help it manage through the coronavirus crisis and national lockdown.Chief executive Graeme Johnson made it clear in a video...
Property
Airbnb 'transition' to long term would hurt rental investors
Property investors in the high growth centres of Queenstown, Gisborne and central Auckland will face short term pain as the rental market capitulates to covid-19 restrictions. In his latest market report, CoreLogic senior property economist Kelvin Davidson said the new-build mark...
Property
Fletcher tells workers, take up to 70% pay cuts or no wage subsidy
Fletcher Building has been telling some employees and First Union that staff have to agree to its sweeping pay cuts of up to 70 percent before it can apply for the government's 12-week wage subsidy.BusinessDesk has sighted a number of email exchanges between the union, a staff me...
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Oliver Lewis
Infrastructure Editor
Oliver Lewis won the local government reporting category at the 2023 Voyager Media Awards. He is part of our investigations unit and also covers infrastructure, housing and employment issues. Formerly with Stuff/The Press, Oliver has also written for the Guardian and North & South.
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