Subscribe  /  Unsubscribe  /  Membership                                                      


14 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. See presentation

All-Party Parliamentary Group on Employee Ownership in UK
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 inquiry

Press review
Much 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.
: 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 bank.
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 on:

This is how much an employee held in 2006, in average, in shares of:

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 €

EFES needs more members. Download EFES membership form

What's new on EFES website?

EFES NEWS distribution: 80.000










   With best regards



Marc Mathieu
Secretary General
Avenue Voltaire 135, B-1030 Brussels
Tel/fax: +32 (0)2 242 64 30
Web site:
EFES' objective is to act as the umbrella organization of employee owners, companies and all persons, trade unions, experts, researchers, institutions looking to promote employee ownership and participation in Europe.

un compteur pour votre site