Print

Mail

wiki links

World Business Quick Take

■ Nissan
Japan to honor Ghosn
Nissan Motor Co chief executive Carlos Ghosn, who won praise from analysts and shareholders for turning around Japan's third-largest automaker, will be decorated by the Japanese government for his achievements, the Cabinet Office announced yesterday. The Brazilian-born executive from Nissan's French partner Renault SA was the only foreigner on a list of 869 people who will receive medals today in an twice-a-year ceremony recognizing outstanding achievers who have made contributions to society. Ghosn, 50, will receive Japan's Medal with Blue Ribbon. "The turnaround of Nissan didn't start from scratch," he said in a statement. "We brought out the strengths of the workers on the job, which is the key to success."

■ Technology
Shell to cut 2,800 jobs
Royal Dutch/Shell Group of Cos said Tuesday that it would cut as many as 2,800 jobs in its technology division by the end of 2006. Shell, the world's third-largest public oil company in terms of market capitalization, said it expects the cuts to save it US$850 million. It plans to achieve them, in part, by outsourcing operations to India and Malaysia. The group said it intends to cut between 1,900 and 2,800 jobs from the 9,300-strong work force in technology over the next few years -- cuts that will affect people working for Shell and for its contractors. A company spokeswoman said the cuts had been under consideration for 18 months to two years and were unconnected to Royal Dutch/Shell's problems over the more than 20 percent overstatement of its proven oil and gas reserves.

This story has been viewed 1696 times.