EFES NEWSLETTER - FEBRUARY 2009
Manifesto for the 2009 European Parliament Elections
Employee Ownership Manifesto presents 6 practical proposals
to all candidates to the new European Parliament and to
the European Commission. All interested people are invited
to express their support and answer our questions. Knowing
that the European Union doesn't have the necessary competency
in the matter, most proposals are addressed to the states.
All reactions are published on the dedicated website. We
already received a number of interesting reactions from
MEPs and others: Glenis Willmott, Stephen Hughes, Brian
Simpson, Bernard Lehideux, Robert Goebbels, Frédéric Lefebvre
and others. Detailed
Survey of Employee Ownership in European Countries in 2008
held by employee owners fell to 240.2 billion Euro in 2008,
compared to 283.3 billion in 2007, a serious decrease of
15.2%; however this was still quite more than the 206.2
billion in 2006. Employees share in companies capital stabilized
on 2.63% in 2008, compared to 2.64% in 2007 and 2.32% in
2006. Europe had 9,1 million employee owners in 2008 compared
to 8.5 million in 2007. This is a first information from
the Survey of Employee Ownership 2008. The survey brings
an exhaustive information about 2.533 European groups, gathering
259.000 companies and 32.4 million employees. See below
a first graph showing that employee share plans continue
to multiply among European companies. The full Annual Survey
will be published on May 18, 2009, it is time for subscription!
order (free for EFES members)
Eighth European Meeting of Employee Ownership
Eighth European Meeting of Employee Ownership will be held
in Egmont Palace, in the center of Brussels on May 18, 2009.
Much new information about employee ownership in January
2009, with 1.397 articles in this press review (on which
546 involving stock options and 219 about workers' cooperatives).
We made a selection of 57 remarkable articles in 12 countries:
Canada, China, France, Germany, India, Ireland, Italy, Morocco,
Netherlands, Spain, UK, USA.
Repricing stock options or not? Answer could be positive
or not. This is a discussion in Canadian press as in many
other countries: India, USA, UK, etc.
Adjusting options is even a point in Government's new economic
Government asks finance firms to suspend stock option incentives.
Germany: Finally they did !! The Bundestag voted
the new legislation for the promotion of employee ownership
on January 22. Detailed
A new step forward for Mondragon Cooperative Group: Eroski
(supermarkets) will change its statute from plc to cooperative.
France: New legislation in force on 1st
of January. New successful employee share plans in large
companies. Employee buyouts as workers' cooperatives and
distressed companies. The French Asset Management Association
presents its 10 priorities for 2009, including employee
share ownership. EPSINEO rating prepares a new benchmark.
Ireland: Key position for the Employee Share Ownership
Trust in Aer Lingus.
UK: Employee shareholders in the bank industry are
the forgotten losers in the credit crisis, while FTSE 100
chiefs lose millions on company stakes. How battle its way
through recession, pay cuts + stock options? – Workers of
the world, unite to stave off job cuts? New serious debate
(in USA as well).
Is employee ownership still a good thing or just too risky?
Which priorities for Obama? Study after study shows that
employee-owned companies perform better than companies that
are not. Widespread employee ownership will have a huge,
positive impact. Employee-owned companies abound and become
more prominent on Fortune Magazine's Top 100 List for 2009.
The press review is available
political roadmap for employee ownership in Europe
the European Commission?...
needs more members. Download
EFES membership form
new on EFES website?
NEWS distribution: 125.000