OSLO (Reuters) - Norsk Hydro’s Rolled Products division has for years failed to deliver sufficient profitability, the company’s new chief executive told Reuters as she took office on Wednesday.
The unit’s future has been put under review, the company announced earlier in the day, and all options will be explored, Hilde Merete Aasheim said.
“The situation is unsustainable the way it is now,” she said in an interview at Hydro’s headquarters in Oslo.
“It’s like a world championship. Every unit (of the company) must deliver,” Aasheim added.
Reporting by Terje Solsvik, editing by Gwladys Fouche