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On 20 May, 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. [14] On 11 August, it was reported that Fletcher Building was expecting a loss of NZ$196 million for the year to June 2020 as a result of the COVID-19 pandemic. [15]
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Penrose is an industrial suburb in Auckland, New Zealand. It is located to the southeast of the city centre, at a distance of about nine kilometres, between the suburbs of Oranga and Mount Wellington , and close to the Mangere Inlet , an arm of the Manukau Harbour .
Fletcher Challenge was a multinational corporation from New Zealand. It was formed in 1981 by the merger of Fletcher Holdings , Challenge Corporation and Tasman Pulp and Paper . It had holdings in construction, forestry, building, and energy, initially just within New Zealand and then internationally as well, and at one time was the largest ...
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