IHI Pres. to Return Half of Pay for Improper Inspections

Economy

Tokyo, April 23 (Jiji Press)--IHI Corp. <7013> said Tuesday that President Tsugio Mitsuoka will return 50 pct of his monthly pay for three months from April over the company's improper inspections of aircraft engines and engine parts.

The heavy machinery maker said Mitsuoka and four other executives will give up some of their monthly pay to take responsibility for the scandal.

Of them, Director Tomoharu Shikina, who also serves as head of the firm's aviation business, will return 30 pct of his monthly salary for three months from April.

IHI found a total of 7,120 cases of improper inspections, including those by unqualified workers, in its engine maintenance operations for Japanese and foreign air carriers over the 10 years until January this year.

In addition, a company-wide investigation discovered 7,138 cases of improper acts, including inspection document falsifications, in its manufacturing process of aircraft engine parts over the two years until January.

[Copyright The Jiji Press, Ltd.]

Jiji Press