Fletcher Building's poor results are believed to be indicative of wider pain in the construction sector.
The company's half-year financial results painted a dire picture, with a $120-million net loss.
Chief Executive Ross Taylor announced his resignation yesterday alongside Chair Bruce Hassall.
Combined Building Supplies Co-op Chair Carl Taylor told Mike Hosking that the industry is hurting.
He says it is quiet out there, and their numbers are down too.
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