Daily Management Review

Kobe Steel adds 9 more products to the falsification product-list scandal


10/13/2017


The scandal has ripplied through global companies who are now investigating their global supply chain to see how it impacts them.



On Friday, at a news conference in Japan, Kobe Steel’s CEO Hiroya Kawasaki disclosed, the company plans on paying the cost incurred by its customers in relation to the false certification of the data in its products.

The firm has not received any compensation requests, he added.

On Friday, Kobe Steel’s quality certification scandal took a turn for the worst with the firm announcing that it had indulged in “inappropriate actions”, including falsifying data, for nine additional products.
Kobe Steel, Japan’s third largest steelmaker, has supplied its products to nearly 500 companies


References:
reuters.com







Science & Technology

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

AB InBev’s Piled Up Alcohol Is ‘Too Good to Waste’

Ericsson Mobility forecasts nearly fourfold increase in mobile traffic by 2025

Elon Musk: We received 146,000 orders for Cybertruck

Google turns the screws on political ads

Apple to come up with AR glasses

WEF: Big data regulation becomes a problem

Israeli Firm Accused Of Spying By WhatsApp, Lawsuit Filed Against It

Google Used Quantum Computer To Solve Complex Problem

World Politics

World & Politics

EU to fight food waste

Mexico approves amendments to NAFTA

Finnish parliament to vote for prime minister

Protests in France gain the greatest scale since 2010

Massive blackout unfolds in Venezuela

French And Russian Presidents To Discuss The Moratorium On Missiles In Europe

EU adopts budget for 2020, more funds allocated to climate change fight and innovation

Israeli prime minister indicted in three criminal cases