Business lobby group says it has to make ‘difficult decisions’ amid crisis prompted by multiple sexual misconduct allegations
The UK’s most prominent business lobby group, the Confederation of British Industry, is to lay off a swathe of its workers as it fights for survival amid a crisis prompted by multiple sexual misconduct allegations.
The CBI needs to cut its wage bill by a third within months, staff were told at an all-hands meeting on Thursday morning, according to sources with knowledge of the discussion, with management aiming to use voluntary redundancies first to trim costs.
