Tokyo, Oct. 7 (Jiji Press)–Hino Motors Ltd. on Friday announced the resignation of four executives over an engine data tampering scandal, and issued measures to prevent similar behavior.
The company will also implement a 50% pay cut for six months starting this month for chairman Satoshi Ogiso, who will remain in office, and cuts of 30% or 20% for three months for other executives.
Since the misconduct dates back some twenty years, the company will ask former presidents in office in 2003 or after to voluntarily return part of their remuneration at the time.
“We take our stewardship responsibility seriously and we apologize,” Ogiso said at a news conference in Tokyo on Friday evening. “We will pursue reform to be reborn as a company that will never commit misconduct again,” he said.
Earlier in the day, Ogiso visited the Ministry of Transport and submitted a report on the matter, including preventive measures, to Transport Minister Tetsuo Saito.
[Copyright The Jiji Press, Ltd.]