Mobil gets UNIDO prize.


Mobil Oil Egypt becomes the only multinational to receive the prestigious Innovative Enterprise Awards for business innovation from the United Nations Industrial Development Organisation (UNIDO) and the Egyptian Ministry of Industry.

The Innovative Enterprise Awards are an Africa-wide initiative organised by UNIDO and open to businesses operating in Africa. The awards aim to encourage companies to be more innovative, as well as preparing them to face the GATT challenge.

Mobil earned its award through three separate initiatives -- a "sharing in success" variable pay scheme introduced in Egypt in 1997, which covers all white collar Mobil employees; Mobil's customer...

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