UK Business Lobby Cuts Jobs Amid Sexual Harassment Scandal
UK's Largest Business Lobby Confirms Job Cuts Amid Sexual Harassment Scandal.
The Confederation of British Industry (CBI), the largest business lobby group in the UK, has announced that it will be cutting jobs in an effort to reduce its salary cost base by a third.
This move comes after the organization has been hit by a sexual harassment scandal, which led to a significant loss of members.
In a statement, the CBI said that the recent loss of some of its revenue has forced the group to take some difficult decisions.
The organization is expected to offer voluntary redundancy to its staff of around 300 employees in a bid to cut jobs.
The CBI had also announced a significant shakeup this week, with new director general Rain Newton-Smith pledging to reform the group's "governance, culture, and purpose." Changes to the organization include the replacement of CBI president Brian McBride and non-executive directors.
The CBI is also creating a People & Culture Committee and an external expert-led Culture Advisory Committee in an effort to address the sexual harassment scandal that has rocked the organization.
The group is hoping that its member companies will continue to back them at their upcoming extraordinary general meeting, where a resolution calling for reforms will be put to a vote.
More than a dozen women had previously claimed that they had been sexually harassed at the CBI, while two others alleged that they had been raped.
Newton-Smith took over from Tony Danker, who departed over a separate misconduct allegation.
The CBI's job cuts come as the organization faces increasing pressure to address the sexual harassment scandal that has rocked the UK business world.
The group has faced calls to take decisive action to address the issue and ensure a safe and respectful workplace for all employees.