Fletcher Building announces a $486 million increase in the projected losses for Fletchers' troubled Building and Interiors (B&I) division on 16 major construction projects. Photo: RNZ / Dan Cook
Fletcher Building's announcement that it will stop looking for big new construction projects has worried unions, who say it will mean job losses. The company is in a tail-spin after huge financial losses in its building and interiors division. The use of sub-contractors is being blamed for the losses. E tū union Christchurch organiser Paul Johnston tells us what went wrong and what it means for the sector.
