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NZ's Fletcher Building warns coronavirus will lead to sharp downturn in 2021, announces job cuts

Published 20/05/2020, 06:55 am
FBU
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May 20 (Reuters) - Fletcher Building Ltd FBU.NZ on Wednesday warned that the coronavirus will lead to a sharp downturn in 2021 and potentially beyond as it laid off 1,500 staff to weather the hit to operations.

New Zealand's largest construction firm said around 1,000 positions will be cut in the country and an additional 500 in Australia.

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