Highest-paid NZ chief executive suffers 25% pay cut
CEO faces three quarantine lags: two here, one in Australia.
CEO faces three quarantine lags: two here, one in Australia.
Full details of performance in the past year released.
Fletcher did not enter the Covid-19 crisis in fighting shape, say analysts.
'Protocols have strict rules on physical distancing': Peter Reidy, Fletcher.
Fletcher Building executives were grilled this morning as analysts sought answers.
Biggest NZ building manufacturer and supplier expects big loss.
New Zealand companies with Australian arms are under the spotlight.
Occupiers are gathering today to mark one year since the eviction notice was served.
Fletcher has agreed not to pay a dividend until it returns to normal covenants.
How much progress is being made?
Editorial: The Fletcher's story has been NZ's story, so it's woes are widely felt.
Commercial Bay had 1800 workers, now reduced to just 800.
Fletcher announced earlier today it would cut 1,500 jobs.
No details yet about which divisions the 1000 staff work in.
Government's planned spend-up on construction could give building giant a boost.
Rapid reaction from a company led by a Kiwi who is no stranger to crisis communications.
The subcontractor disputes liquidated damages and other charges Fletcher tried to impose.
Fletcher now working through what they need to do to be ready to resume work.
Builders, contractors, civil works businesses use Government support.
Support goes considerably beyond the $66.3 million in wage subsidies.
"New hygiene measures, physical distancing, contact tracing" - Reidy
The Warehouse has been paid $52 million through the wage subsidy scheme.
"That goes with the territory - I don't look for sympathy" - Ross Taylor.
Company refutes union claims about how it's acting during the pandemic.
Union: "It shows a lack of respect for the workforce that keeps their company moving."
Carpenter's net income drops from $1200 to $494 - now who will feed his family?
"We are simply not able to continue to pay all our New Zealand people" - chief says.
Company devising pay reductions for about 5000 staff over the next 3 months.