- CBI Members Threaten to Leave Over Potential Merger with Make UK
- Financial Troubles Plague CBI, Sparking Discussions of a Merger
- Uncertainty Surrounds CBI’s Annual Meeting Amidst Dissatisfied Members
Thursday, several individuals from outside the manufacturing industry expressed their disinterest in joining an organization dominated by Make UK’s leadership.
Make UK is in excellent financial condition, so its balance sheet would provide the CBI with a secure harbor.
Nonetheless, any further exodus of CBI members would jeopardize the organization’s influence and recovery prospects in the wake of the sexual misconduct scandal that rocked the organization earlier this year.
Some CBI members are dissatisfied with the lack of information regarding the agenda for the organization’s annual meeting on Wednesday.
A top executive at a member discussing subscription renewal said, “We have received no communication from them whatsoever.”
As previously stated, a CBI spokeswoman stated on Friday, “As any responsible board would do, the board has sought advice on reorganization and downsizing matters as appropriate.”
The CBI has been searching for a new president to replace Brian McBride, while Rain Newton-Smith, the organization’s new director general, has pledged to reinvent the organization since assuming her position several months ago.
The crisis has depleted the CBI’s cash reserves, compelling the organization to reduce employment and close overseas offices.