CBI plans job cuts as it fights to survive in wake of scandals


The Confederation of British Industry (CBI) is preparing to reduce its workforce as it battles for survival following a series of sexual misconduct scandals.

The lobby group will launch a redundancy consultation on Friday as part of plans to cut its wage bill by a third after an exodus of members dealt a major blow to its finances.

Bosses told the CBI’s 300 employees in a meeting on Thursday that it will initially aim to make the job cuts through a programme of voluntary redundancies.

It comes as CBI members prepare to vote at an emergency general meeting next week on a single confidence motion in the lobby group.

Earlier this week, Rain Newton-Smith, the CBI’s new director-general, sent proposals to members designed to stave off insolvency, limit job cuts and prevent further instances of sexual misconduct.

Members will be asked if the changes, which include a board shake-up and a new people and culture committee, “give you the confidence you need to support the CBI”.



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