TYIDF - Toyota Industries Pledges Cultural Revamp Amid Safety Violations | Benzinga
Toyota Industries Corp vows cultural overhaul and leadership restructuring following safety violations.
The initiative, disclosed after Chief Executive Officer Koichi Ito presented proposals to Japan's transport ministry, includes measures to prioritize legal compliance and enhance transparency within the organization, reported Bloomberg.
Senior executives, including the president, will partially refund their salaries for non-compliance with certification standards, the report added.
Toyota Motor Corp. (NYSE:TM) halted deliveries of 10 vehicle models earlier this year following revelations of irregularities in engine horsepower ...