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Why Is Fletcher Building Dismantling Its Australian Division Now?
2:25am on Monday 2nd of June, 2025 AEST
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Construction Materials
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Why Is Fletcher Building Dismantling Its Australian Division Now?
2:25am on Monday 2nd of June, 2025 AEST
Key Points
Australian Division disestablished and integrated into Light Building Products and Heavy Building Materials
CEO Gareth O’Reilly departs amid restructuring
Targeted $15 million annualized structural cost savings on top of $200 million FY25 cost reductions
Shift toward decentralized operating model with empowered business units
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