Merja Kamppari, M.Sc. (Econ.), has been appointed Senior Vice President, HR for Metso Group. She will start in her new position on June 1, 2009. Merja will report to Jorma Eloranta, President and CEO, and she will be a member of Metso Executive Forum.
Two winners have been announced for competitions promoting PaperCos tenth anniversary of the Airmiles Premier Collection.
NET LOSS OF $1.212 BILLION, OR $5.73 PER SHARE. INCLUDES $827 MILLION GOODWILL IMPAIRMENT. REAL ESTATE-RELATED CHARGES TOTAL $313 MILLION AFTER TAXES.
The Board of Directors of TietoEnator Corporation (“the Company”) has on 11 March 2009 resolved to amend its proposal at the Annual General Meeting of the Company to be held on 26 March 2009 regarding agenda point 18: “Issuance of option rights” of the Annual General Meeting.
Weyerhaeuser Company (NYSE: WY) today announced that it will indefinitely close its iLevel veneer and engineered wood mills in Evergreen, Ala., and Dodson and Simsboro, La., and its TimberStrand mill in Chavies, Ky.
Sirit Inc. (“Sirit”) (TSX: SI), a global provider of radio frequency identification (“RFID”) technology, today reports its financial results for the fourth quarter and year ended December 31, 2008. All amounts are stated in Canadian Dollars unless otherwise noted.
Economic slowdown affects businesses in the second half of the year; Excluding currency effects, sales decreased 4.2 percent to 3,032 million Euro; SG&A costs decreased by more than 100 million Euro, exceeding the targeted amount; Recurring EBIT at 138 million Euro versus 197 million Euro in 2007; Net result at minus 167 million Euro, taking into account non-cash charges: an impairment loss of 119 million Euro and an exceptional deferred tax charge of 34 million Euro; Strong reduction of net financial debt from 723 million Euro in the third quarter of 2008 to 673 million Euro in the fourth quarter of 2008, despite the worsening business conditions in the fourth quarter
