Fletcher Building


Fletcher Building Limited is one of the largest listed companies in New Zealand, with a market capitalisation of over NZ$2.8 billion. The company was split from Fletcher Challenge in 2001, formerly New Zealand's largest business and multinational.
With around 20,000 employees globally and over 34 business units operating under the Fletcher Building banner, the company is Australasia's largest building materials supplier. Ross Taylor was appointed Group CEO on 22 November 2017.
On 20 May 2020, Fletcher Building announced its intention to lay off about 1000 staff in New Zealand, or approximately 10 percent of its workforce, as a result of the COVID-19 pandemic.
In April 2020, in response to COVID-19, Fletcher Building senior executives had their salaries cut by 30%. The cut was part of a pay-plan suggested by the company to deal with financial impacts. Under the plan, non-working staff would receive a 35% pay cut, which would increase to 50% in May and 70% in June.

Divisions

The company operates in six divisions: building products, distribution, concrete, residential and development, construction, and Australia.