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Fletcher Building is being urged by the construction workers' union to reconsider drastic pay cuts.
The company has sent a letter to employees outlining its intentions to cut pay by up to 70 percent for some workers, while top executives take just a 15 percent cut.
Fletcher has 10,000 employees here and a further 5000 in Australia.
First Union spokesperson Jared Abbott joined Kate Hawksby to share his thoughts on the issue.
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