Nissho Iwai to cut 5,000 jobs over 3 years

Nissho Iwai to cut 5,000 jobs over 3 years

TOKYO, Japan - Trading house Nissho Iwai Corp. President Shiro Yasutake announces a three-year restructuring plan requiring the loss of 5,000 jobs from its current consolidated workforce of 19,000 at a news conference in Tokyo on Jan. 29.

Mitsubishi-Nissho Iwai steel alliance eyed in Oct.

Mitsubishi-Nissho Iwai steel alliance eyed in Oct.

TOKYO, Japan - Flanked by Mitsubishi Corp. Vice President Kenji Sakurai (L), Nissho Iwai Corp. President Shiro Yasutake speaks at a news conference January 25. The two trading houses said they have agreed to integrate their steel products operations under a joint venture by the fall of 2002.

Nissho Iwai to cut 5,000 jobs over 3 years

Nissho Iwai to cut 5,000 jobs over 3 years

TOKYO, Japan - Trading house Nissho Iwai Corp. President Shiro Yasutake announces a three-year restructuring plan requiring the loss of 5,000 jobs from its current consolidated workforce of 19,000 at a news conference in Tokyo on Jan. 29.

Mitsubishi-Nissho Iwai steel alliance eyed in Oct.

Mitsubishi-Nissho Iwai steel alliance eyed in Oct.

TOKYO, Japan - Flanked by Mitsubishi Corp. Vice President Kenji Sakurai (L), Nissho Iwai Corp. President Shiro Yasutake speaks at a news conference January 25. The two trading houses said they have agreed to integrate their steel products operations under a joint venture by the fall of 2002.

Nissho Iwai to spin off information business division

Nissho Iwai to spin off information business division

TOKYO, Japan - Shiro Yasutake (L), president of Nissho Iwai Corp., announces the trading company will spin off its information industry division by transferring all the division's operations to a wholly owned subsidiary, ITX Corp. Shintaro Hirata (R), chief of the division, will become chief executive officer of ITX.