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4-Traders Homepage  >  Equities  >  Tokyo  >  Nissan Motor Co Ltd    7201   JP3672400003

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Nissan Motor : French official visits Mississippi to back union at Nissan

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07/27/2016 | 12:49am CEST

JACKSON, Miss. — A French parliamentarian is visiting Mississippi as part of an effort to pressure Nissan Motor Co. to allow workers at its Canton plant to organize a union.

Christian Hutin, deputy chairman of the Social Affairs Commission of the French National Assembly, is meeting Tuesday with workers, lawmakers and other supporters of the United Autoworkers efforts to unionize the plant's 6,200 employees.

The French government has an ownership stake in Nissan's business partner, the Renault Group, and pro-union advocates hope French officials can lobby the company.

Hutin says Nissan unfairly pressures workers to vote against unionizing, something Nissan denies. Nissan opposes unionization, but spokeswoman Parul Bajaj says the company respects labour law and that employees are free to support or reject the UAW.

___

This story has been corrected to show the Nissan's spokeswoman's last name is spelled Bajaj, not Baraj, and that the French lawmaker's first name is Christian, not Chrisitian.

© 2016 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials ( JPY)
Sales 2017 11 709 277 M
EBIT 2017 891 000 M
Net income 2017 536 814 M
Debt 2017 6 235 089 M
Yield 2017 4,60%
P/E ratio 2017 7,68
P/E ratio 2018 6,88
EV / Sales 2017 0,92x
EV / Sales 2018 0,89x
Capitalization 4 482 920 M
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 1 241  JPY
Spread / Average Target 22%
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NameTitle
Carlos Ghosn Chairman, President & Chief Executive Officer
Joseph G. Peter Chief Financial Officer, Head-IR & Accounting
Shunichi Toyomasu Head-Systems Technology Development Division
Celso Guiotoko Chief Information Officer
Takao Asami Senior Managing Executive Officer & Head-Research
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