Fletcher quits all major builds, staff 'redeployed' - Ross Taylor

About this item

Title

Fletcher quits all major builds, staff 'redeployed' - Ross Taylor

Content partner

Radio New Zealand

Collection

Radio New Zealand

Description

The construction industry is facing a major shakeup following Fletcher Building's shock loss announcement. The company has racked up close to a billion dollars of losses in the past 18 months. The company's having to talk to its banks about new lending conditions after it breached its agreements. Yesterday its shares fell sharply on opening ending up down 10 percent at the end of trading. Fletcher Building chief executive Ross Taylor joins Susie Ferguson to discuss the future for the company.

Format

Audio

Date created

14 February 2018

Contributing partner

Morning Report

URL

http://www.radionz.co.nz/national/programmes/morningreport/audio/2018632149/fletcher-quits-all-ma...

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