EFES NEWSLETTER - MAY 2006
on Employee Share Ownership and Work Values
The CREGO - Research Center in Management of the University
of Montpellier II, is carrying out an international survey
on employee share ownership and work values. The goal of
this research is to give some insight to several practical
issues like the one of the effects of employee ownership
on employee motivation and organisational commitment or
the impact of cultural values on employees’ perceptions
and behaviours towards employee ownership. The survey is
aimed at all employees (both shareholders and not shareholders)
of traded companies which offer some employee share ownership
plan. Filling the questionnaire, takes about 15 minutes
and the information gathered is strictly anonymous and confidential.
You are invited
to take part, clicking here.
information about employee ownership in April 2006, with
877 articles in our press review.
We made a selection of 32 articles in 13 countries (Ireland,
USA, Austria, France, Algeria, United Arab Emirates, Jamaica,
United Kingdom, Germany, Switzerland, Italy, Kenya, South
Ireland was the hottest place in April, regarding
employee ownership, with the followings of Eircom's serial.
At the origin, it was said that Australian investment fund
Babcock would propose an offer, but Eircom's employees could
be the key-element, being the first shareholder with some
22% held through their ESOP Trust. Now Eircom's Employee
Share Ownership Trust seems to emerge as the big winner,
and we have a joined offer from Babcock and the Trust. A
similar situation might also appear in Ireland about Aer
Lingus, the Employee Share Ownership Trust retaining 14.9%.
In the USA, converting a company to employee ownership
was a hard sell in the 1970s. It is now a usual idea. Converting
businesses to employee ownership, where employees typically
own 30 percent to all of a company is gaining popularity.
This is what was discussed at the 20th annual
Ohio Employee ownership Conference, and this is what appears
through some examples in the American press.
In Austria, workers ownership was seriously questioned,
due to BAWAG Bank scandal. BAWAG is the 4th Austrian
bank, fully controlled by Austrian trade unions.
In France, the preparation of a new legislation favouring
employee ownership is rapidly progressing.
In Algeria, 1.800 employee-owned companies were created
in the few last years, with low success.
In the Middle-East, a growing number of companies going public are
planning to offer preferential share allocations to their
management and employees.
Jamaica' press tells how an Irish visionary philanthropist
embraces employee ownership, which
has re-energised the telecommunications industry in Jamaica.
Finally, some very interesting articles about employee
ownership in United Kingdom, Germany,
Switzerland, Italy, Kenya, South Africa.
The press review is available
REVIEW - April 2006.htm
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New European report, by Erik Poutsma and others: "Changing
Patterns of Employee Financial Participation in Europe -
A survey among listed firms in Six European Member States"
Click here to download
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