Salaries of the top executives as well as 2015 bonuses have been slashed
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Osamu Suzuki, the CEO of Suzuki Japan has stepped down from his post. Osamu Honda, the CTO has also resigned after accepting responsibility for the fuel economy test fiasco. Honda’s replacement is yet to be decided while Suzuki’s replacement will be announced on June 29, 2016. Osamu Suzuki, 86, will continue as the chairman as of Suzuki Corporation. He had been leading from the front for the last 40 years and has acknowledged that in the past few years, it had become difficult for him to oversee the entire operations alone…
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