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Mitsubishi CEO defends pay cuts amid massive cost-reduction campaign

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Kato warned that Mitsubishi is gearing up for more belt-tightening. (HANS GREIMEL)
HG
By:
Hans Greimel
June 18, 2020 10:44 AM

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

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