With effect from 1 July, Finnish timber industry giant Stora Enso will merge its two business divisions Printing and Reading“ and Building and Living“ into a single division, the name of which has not yet been specified. The new unit will be headed by Karl-Henrik Sundstrm, the concern‘s current CFO. During the course of the merger there will be a tightening-up of the organisational structure and a concentration of activities on the existing already fully developed markets and sales regions. As far as possible, central task areas will in future be concentrated at a single location. More detailed information will be provided by the company as soon as negotiations with employee representatives have been concluded.
Source:
http://www.euwid-wood-products.com/news/wood-products/single/Artikel/stora-enso-merges-paper-and-solid-wood-sectors.html
