News | Business
30 May 2020 21:26
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Fletcher Building has been criticised over its plan to combat the effect of Covid-19 on its business

    Fletcher Building has been criticised over its plan to combat the effect of Covid-19 on its business


    With construction projects on hold, Fletchers has given some staff only 24 hours to consider gradual pay cuts of up to 70 percent.

    Fletcher executives are taking a 15 percent pay cut over three months.

    Minister of Infrastructure Shane Jones says in times of hardship companies shouldn't be cutting their workforce so the executives can avoid the impacts.

    Mr Jones asks why would you have any confidence in the future of Fletcher Building leadership because of the way they have destroyed their own workforce.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     30 May: Despite the rain in Auckland over the past week, the city's dams are still only 43 per cent full
     30 May: The business community says everyone should be thinking about how the country can create more jobs after Covid-19
     29 May: The country's largest furniture and homewares retailer retailer will open its doors tomorrow... in what's being described as a significant boost for the local economy
     29 May: Fonterra says its China dairy import volumes climbed 10.1 per cent in March after two consecutive months of declines
     29 May: Coronavirus sparks unprecedented closure of UK pubs, causes 70 million pints of beer to be wasted
     29 May: Farmers are supporting the efforts, to keep our waterways clean
     29 May: Expectation that it will take 12 to 18 months till the country financially recovers
     Top Stories

    RUGBY RUGBY
    Kiwi golfer Ryan Fox admits no crowds will need a bit of getting use to when he hits the professional course in two months More...


    BUSINESS BUSINESS
    Despite the rain in Auckland over the past week, the city's dams are still only 43 per cent full More...



     Today's News

    Living & Travel:
    Lotto's biggest winner tonight had the first four numbers drawn in the right order, and claims $300,000 for Strike Four 21:17

    Entertainment:
    John Krasinski sold 'Some Good News' because he knew his involvement "wouldn't be sustainable" 21:02

    Entertainment:
    Justin and Hailey Bieber are threatening legal against a cosmetic surgeon over claims he made about the model 20:32

    Entertainment:
    Jimmy Fallon has apologised for wearing "blackface" during a 'Saturday Night Live' skit two decades ago 20:02

    Entertainment:
    Billie Eilish has hit back at bodyshamers with a new short film 19:32

    Entertainment:
    Richard Herd has died aged 87 19:02

    Law and Order:
    A 28-year-old man reported missing from central Dunedin has been found safe and well 18:57

    Law and Order:
    The "devastated" wife of the police officer arrested and charged over George Floyd's Minneapolis death has publicly announced that she is leaving him immediately 18:37

    Rugby League:
    Two months of hell behind them, and the Warriors have produced 40 minutes of quality footy 18:37

    Entertainment:
    Simon Cowell refuses to watch the news at home during the coronavirus pandemic 18:32


     News Search






    Power Search


    © 2020 New Zealand City Ltd