REIDsteel statement – Membership of the Confederation of British Industry (CBI):
“It is shocking and of deep concern to us that such misconduct appears to have been allowed to happen over a number of years.
“There is absolutely no excuse for this type of behaviour at any organisation or business, whether in the City of London or elsewhere.
“It is emphatically at odds with what REIDsteel stands for as a company where values of respect and inclusivity for everyone are non-negotiable.
“Our initial reaction was to break all ties with the CBI, both in terms of our company membership and in my role as a founder member of its manufacturing council.
“However, we have been re-assured by the immediate and decisive action taken by the CBI’s president Brian McBride and its new director general Rain Newton-Smith. This has included a dismissal, suspension of employees and the launch of a root and branch review of its culture and governance.
“They have spoken to us and given us confidence […]