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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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Press review
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.
Canada: 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.
France: New successful employee share plans for Bouygues, Saint-Gobain, Capgemini, Vallourec. Growing interest about workers' co-operatives. Some new employee buyouts.
Germany: 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 Opel employees.
Ireland: 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.
Italy: A turning point for employee share ownership in Italy.
Pakistan: 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.
Spain: 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 ownership.
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 employee buyouts.
USA: 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.
South 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 on:

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   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.

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