EFES NEWSLETTER - JANUARY 2010
a key year
2010 will be a key year in Europe for employee ownership
at political level. After the European Parliament, it is
now time for the new European Commission to be appointed.
We sent a letter to the new Commissioners… More
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Much new information about employee ownership in December
2009, with 1.116 articles in this press review (on which
403 involving stock options and 300 about workers' cooperatives).
We made a selection of 37 remarkable articles in 10 countries:
Canada, France, Germany, Ireland, Italy, Pakistan, Spain,
UK, USA, South Africa.
Unionized workers at West Fraser’s Eurocan pulp and kraft
paper mill are supporting the idea of buying the operation
the company wants to close down.
New successful employee share plans for Bouygues, Saint-Gobain,
Capgemini, Vallourec. Growing interest about workers' co-operatives.
Some new employee buyouts.
Consequences of the crisis – Siemens employee shareholders'
association demands to change the Statutes of the company.
General Motors will agree on employee ownership scheme for
Employees at Eircom, who own 35pc of the operator through
the Employee Share Ownership Trust (Esot), have endorsed
the new takeover. The vote paves the way for Eircom's fifth
owner since its flotation in 1999.
A turning point for employee share ownership in Italy.
The Federal Minister for Petroleum, Natural Resources and
Privatisation will distribute share options among regular
and contractual employees of Pakistan State Oil. So far
nine Benazir Employees Stock Option Scheme trusts have been
established in different State Owned Enterprises.
Employee-owned companies better resist to the crisis. American
unions take Spanish workers co-operatives as a model and
a way to stabilize jobs in an area as well as democratize
UK: The mutual ownership structure is back in vogue
among both the Left and the Right in the wake of the financial
crisis, all referring to John Lewis Partnership's model.
Ownership is back on the frontline - The time has come for
a radical change in the way we think about public services.
The way ahead lies not in outsourcing, but in empowering
frontline staff and allowing them to take control of – and
responsibility for – the services they deliver. Some new
John Logue was diagnosed with a particularly virulent cancer
on December 6 and was gone by December 9. He touched so
many of us in a personal way that it takes editorials to
reach all who need to know.
Africa: Solidarity Union spokesman says directors should
not take part in employee share ownership schemes. The shares
allocated to them could be better used in empowering staff.
The full press review is available
free German data base with articles dealing with employee
ownership, most in German, some in English
political roadmap for employee ownership in Europe
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