Structural steel firm John Reid & Sons (Strucsteel) Ltd has resigned its membership of the Confederation of British Industry (CBI) with immediate effect.
The company left the business lobbying group after further serious allegations emerged about misconduct.
REIDsteel managing director Simon Boyd has also resigned his position as a founder member of the CBI’s manufacturing council.
REIDsteel – which employs 130 people – acted immediately, citing allegations of misconduct at the CBI as completely incompatible with its own company values.
Mr Boyd said: “It is wholly inconceivable that REIDsteel can continue any association with the CBI following the latest, incredibly serious allegations.
“We have taken the decision to resign our company’s corporate membership and my personal position on its manufacturing council with immediate effect.
“The latest allegations are deeply concerning and completely at odds with our company’s values and culture where respect and inclusivity are absolutely paramount.”
REIDsteel previously said that it was reserving judgement about its CBI membership pending further developments.
Simon added: “Our thoughts are with those at the centre of the latest allegations, and […]