Over 50 construction workers and engineers will be arriving in New Zealand this weekend from the United Kingdom and South Africa to explore job opportunities.
Unions fear Fletcher Building’s decision to quit bidding for big new construction projects will mean job losses, and say using subcontractors is a big part of the company’s downfall.
Analysis: The profitability, economic value and reputation of New Zealand’s biggest construction company have been gunned down today, writes Gyles Beckford.
Fletcher Building’s chair Sir Ralph Norris will resign after the company announced it was expecting $660m in losses, four times greater than initially projected.