EFES NEWSLETTER - JUNE 2008
Annual Economic Survey of Employee Ownership in European
The Survey reveals that employee ownership is progressing at a quicker
rate and with greater depth across Europe than expected.
When considering recent trends, employee ownership is predicted to
double within the next 5-10 years, from currently 8.2 million
employee owners to 16 million and from currently 26.2% of
all employees in large European companies to 40-50%, and
finally capitalisation held by employees is predicted to
rise currently from 2.35% to 4 - 4.5%. This is a sudden
development in most European countries. However,
some countries began earlier while others dawdled on the
way. They can easily be compared to each others. Each country
file can be downloaded and the full Annual Survey is now
Seventh European Meeting of Employee Ownership -
Brussels, 23 May 2008
The Seventh European Meeting of Employee Ownership was held
in the prestigious Solvay Library, just near the European
Parliament. Most presentations and documents are now available.
European Employee Ownership Top 100 in 2007
new rankings or European top companies regarding employee
ownership are now available for year 2007. More
made a selection of 35 remarkable articles in 9 countries:
Austria, Belgium, China, Germany, France, Kenya, UK, USA,
Austria: Employee ownership is still underdeveloped
compared to other European countries. However Voestalpine,
OMV and Erste Bank got a much higher place in the rankings
of the Employee Ownership TOP 100 in 2007.
Belgium: Full speed for financial participation in
Europe… maybe a good sign for Belgium too.
After five years of preparation, Procter & Gamble launched
its Chinese employee stock ownership plan.
Germany: Both parties of the big coalition reached
now a compromise. A new legislation will soon be adopted,
bringing higher support for employee ownership.
France: Employee ownership weighs a lot in some large
companies, this month Eiffage and Atos Origin. New employee
share plans for Steria, for Safran and others. Nicolas Sarkozy
prepares a new legislation for profit-sharing. A new rating
agency specializes in employee savings.
Kenya: New employee share ownership plans for Nation
UK: A growing number of workers are saving through
company share schemes, but there is still a real job to
do in terms of advice. On the other hand, the growth of
co-ops could help Scotland compete with the world's top
Many compensation consultants still ignore research supporting
broad-based equity plans !? New difficulties for employees
willing take over plant from Ford in Ohio, while State is
going to help employees buy out companies in Indiana. Newspaper
Union explores bid for Blethen Papers in Maine. Finally,
two senior members of the House of Representatives introduced
a resolution which expresses continued support for employee
stock ownership plans (ESOPs) in the U.S.
South Africa: There is an increasing trend towards
employee share ownership as part of the Black Economic Empowerment
The press review is available
This is how much an employee held in 2007, in average, in
UBS 83.000 €
SocGen 49.000 €
BNP Paribas 38.000 €
Total 55.000 €
Novartis 61.000 €
Mondragon 56.000 €
CréditSuisse 84.000 €
AXA 46.000 €
Vinvi 24.000 €
CréditAgricole 40.000 €
new on EFES website?
NEWS distribution: 85.000