The victims of the Travelodge CVA
Cass's Professor Paul Palmer questions the ethics of the Travelodge CVA
Travelodge owns more than 500 hotels across the UK, Ireland and Spain and employs more than 6,000 staff. Earlier this week it went into a Company Voluntary Arrangement (CVA) - a legal process which helps companies reduce debts and outgoings.
But what does this mean for the companies' stakeholders? Is it an ethical way to do business? The story raises a number of issues that the company press release failed to address.
In this week's episode of Cass Talks, Cass's Associate Dean for Ethics, Sustainability and Engagement - Professor Paul Palmer - discusses who the victims are in the Travelodge case and what it means for Corporate Britain.