EFES NEWSLETTER - DECEMBER 2007
European countries in 2007 – and Austria
Compared with a set of 14 European countries, employee share
ownership seems low in Austria. We made a presentation last
month in Vienna on invitation of Vice-Chancellor Wilhelm
Molderer and Minister of Economics and Labour Martin Bartenstein,
comparing employee share ownership in 14 European countries.
This is based on most recent numbers, those of year 2006/2007
– a photography of European employee ownership in real time.
All-Party Parliamentary Group on Employee Ownership in
British Parliament decided to set up a permanent All-Party
Parliamentary Group on Employee Ownership. This looks a
major political step for employee ownership in UK. The Group
organised first a public inquiry, allowing us to express
our requirements regarding employee ownership not only in
UK but for the whole European Union. See
new information about employee ownership in November
2007, with 1.428 articles in this press review (on which
683 involving stock options and 191 about workers'
cooperatives). We made a selection of 62 remarkable
articles in 16 countries: Austria, Canada, Switzerland,
Germany, Spain, France, India, Italy, Kenya, Sri Lanka,
Luxemburg, Morocco, Netherlands, UK, USA, South Africa.
Christmas fable for Google's employees. International
press reports how Google's employees were lucky to get stock
options – you can read the story in English, French, Spanish
or German as well. Cum grano sali.
France gave its annual Employee Share Ownership Awards
to SCOR (available in all languages). Some major companies
launch new employee share ownership plans successfully (Alstom,
Axa). Employee savings is now a standard in widest companies.
A new ranking is even been set up for administration providers
regarding employee share ownership plans. Still many questions
about the new additional tax on stock options. On the other
hand, a new controversy is growing about President Sarkozy's
decision to make employees savings freely available in view
of supporting private consumption.
Austria: Vice-Chancellor Molderer and Minister Bartenstein
are paving the way to a new legislation for employee ownership.
Canada tells how "passing the keys to key staff".
Germany: Angela Merkel seems progressing fast to
a new legislation for employee ownership.
Kenya: Kenya Revenue Authority proposes new rules
for employee share plans.
Sri Lanka discusses about ESOP's and Good Governance.
Luxemburg: Prime Minister Juncker pleads for more
employee share ownership.
Morocco: New employee share plan for Attijariwafa
United Kingdom: The employee ownership industry attacks
Chancellor Alistair Darling's project regarding taxation
on employee share plans.
United States: Employee ownership helps sustain Vermont's
economy. Many small, privately owned businesses provide
some kind of stock incentive to their employees.
South Africa: Black economic empowerment is now in
place at all of Anglo American's South African operations,
where all employees would be active owners through the implementation
of the company's employee share ownership plan.
The press review is available
This is how much an employee held in 2006, in average, in
UBS 87.000 €
Total 47.000 €
Novartis 48.000 €
Mondragon 54.000 €
DeutscheBank 61.000 €
SocGen 38.000 €
BNPParibas 30.000 €
CréditAgricole 48.000 €
AXA 27.000 €
Bouygues 23.000 €
new on EFES website?
NEWS distribution: 80.000