-8.5 C
New York
Sunday, December 22, 2024
HomeBusinessCity of London Corporation joins exodus from UK business lobby CBI

City of London Corporation joins exodus from UK business lobby CBI

Date:

Related stories

China retaliates against US chip curbs with key semiconductor export restrictions

Beijing said Tuesday (3) it would restrict exports to...

Intel CEO Pat Gelsinger resigns amid struggles to reclaim market leadership

Intel Corporation announced Monday that CEO Pat Gelsinger has...

XRP becomes fourth-largest cryptocurrency post-election surge

XRP, the token associated with Ripple Labs, has surged...

The City of London Corporation announced on Tuesday (25) it was suspending its membership of the CBI, the UK’s leading business lobby, which is engulfed in crisis amid rape allegations.

The corporation, the governing body of London’s financial district, joins a number of high-profile firms that have already withdrawn from the Confederation of British Industry (CBI).

“Following recent allegations of workplace misconduct and assault, the City of London Corporation has decided to suspend its membership with the CBI,” a statement said.

“The recent allegations have revealed a culture of abuse at the CBI that the City of London Corporation strongly condemns.”

Britain’s business community has been left reeling from events at the CBI, which earlier this month sacked director-general Tony Danker following allegations of misconduct.

- Advertisement -

Danker is not linked, however, to reports of two allegations of rape said to have involved CBI staff.

On Monday (24), the CBI said several employees had been sacked after multiple allegations, including the rapes.

The CBI on Friday (21) decided to suspend all activity until an extraordinary general meeting in June.

(AFP)

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories