Canterbury Mornings

Fletcher Building has become the latest major corporate to announce major job losses.It is announced about one thousand jobs will go in New Zealand, equivalent to about 10 percent of its workforce.Fletcher Building is the largest player in New Zealand's construction industry.NZ Herald Property editor Anne Gibson told Chris Lynch it was one of the largest recipients under the Government's wage subsidy scheme. She says they have received by Monday $67.6 million for 9694 paid employees.