WebJun 10, 2024 · The company, owned by KiwiSaver provider Simplicity, is building homes intended for the rental market. It said it could source equivalent plasterboard for $19.50 a sheet, compared to $25 for Gib ... WebJun 14, 2024 · Full Description. Simplicity Living will meet with Fletcher Building this Friday, to ask for answers to the Gib supply crisis. Simplicity has cancelled its contracts with Fletcher and instead started importing foreign plasterboard because it is cheaper and quicker to get. Speaking on Monday night on Checkpoint, Fletcher's CEO Ross Taylor …
Simplicity seeking answers from Fletcher Building over GIB board ...
In April 2024, in response to the COVID-19 pandemic in New Zealand, 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. On 20 May, Fletcher Building announced its intention to lay off about 1000 staff in New Zealand… WebAug 16, 2024 · Fletcher Building has delivered a strong result, increasing bottom-line profit 42 per cent to make $432 million for the full year. The company at the centre of the Gib crisis made $8.4b revenue in ... force mechanics kapellen
Builders forced to the wall as Gib shortage becomes critical
WebSustainability is how we do business at Fletcher Building. We are committed to working together to protect and preserve the environment, to reduce the impact of our … WebJun 13, 2024 · Fletcher Building's chief executive says Gib stockpiling is partly to blame for the supply shortage because fewer pallets are being returned - clear evidence of hoarding. WebJun 10, 2024 · Fletcher Building has a near monopoly on the plasterboard market and the chronic shortages, which have been blamed on unprecedented demand, have been well-publicised. Some in the building sector have warned that the ongoing shortages could result in builders going broke because they could not finish residential projects. forcemeat terrine