Scandal-hit CBI to cut jobs as it fights for survival

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Scandal-hit CBI to cut jobs as it fights for survival
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The business group, which employs about 337 people, says it needs to cut its wage bill by a third.

The CBI has revealed plans to cut jobs as it struggles with the fallout from allegations of rape and sexual assault against staff.

In a statement it said: "In light of the recent loss of some of our revenue, the CBI has to take some difficult decisions. "We believe there is a strong basis for our members to continue to back us at our EGM [extraordinary general meeting next week]."The CBI, which represents the interests of around 190,000 businesses, has lost high profile members since the misconduct claims became public in April.

Next Wednesday's EGM will discuss the group's "programme of change", designed to restore trust in the body. The CBI campaigned against Brexit. Once the UK voted to leave the European Union, it lobbied the government to secure a trade and co-operation agreement.

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