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Fletcher board cuts bonuses to zero after loss

Pay cuts continue into September as Fletcher slashes costs and jobs.

Tim Hunter Wed, 19 Aug 2020

Fletcher Building executives have foregone $13 million in bonuses as the company’s directors “exercised their discretion” to make no payments for the year to June.

The decision followed Fletcher’s confirmation of a $196m loss for the period, as foreshadowed in a pre-results announcement

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Tim Hunter Wed, 19 Aug 2020
Contact the Writer: thunter@nbr.co.nz
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Fletcher board cuts bonuses to zero after loss
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