Mitsubishi CEO defends pay cuts amid massive cost-reduction campaign

Mitsubishi's CEO at the company's annual meeting — (HANS GREIMEL)

June 18, 2020 10:44 AM

TOKYO – Mitsubishi Motors Corp. CEO Takao Kato defended executive pay cuts in order to “share the pain” as the loss-making Japanese carmaker embarks on a massive cost-reduction push.

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