EFES NEWSLETTER - OCTOBER 2013
Trade Union Institute
A dedicated Internet site worker-participation.eu
was set up as "the gateway to information on worker
participation issues in Europe", a remarkable work
by the European Trade Union Institute (ETUI). It is about
employee participation which includes the following pieces:
Trade unions, collective bargaining, workplace representation,
board-level representation, European-level representation,
representation in the area of health and safety, and finally
employee financial participation. In the European unions'
vision, employee share ownership belongs to employee financial
participation, which has two main branches: Profit-sharing
and employee share ownership. Profit-sharing is considered
as "the simplest form of financial participation. This
can be understood as a collective regulation that, in addition
to the stipulated wage, provides a variable income dependent
on enterprise profits" ľ Variable pay, in fact. Finally,
employee share ownership appears in the European unions'
vision as the last piece of this participative building.
We have a selection of 36 remarkable articles in 10
countries in September 2013: Austria, Canada, France, Germany,
India, Italy, Pakistan, UK, USA, South Africa.
Austria: ÍVP wants employee financial participation
to be on top of new government's agenda.
Canada: Success-story about employee ownership: Harmac
mill was as good as gone, until workers rallied to buy it,
and their jobs, back.
France: New employee share plan for Rexel. Amundi
becomes number one in employee savings management. 20th
anniversary for employee share ownership in GT Location.
Controversy about French Government's project to ease employee
Germany: Stihl Group considered for the high attractiveness
of employee share ownership schemes.
India: New web based platform for managing ESOP Plans
Italy: Fitch criticizes Banca Popolare di Milano
and Banca Carige for giving too much place to employee share
ownership. Employee shareholders call for new plan and transparency
for MPS Bank.
Pakistan: Pakistan International Airlines' strongest
union has thrown its weight behind an employee buyout of
the cash-strapped carrier.
ESOP Centre condemns recommendations to abolish most popular
employee share plans. Chancellor George Osborne's new Employee
Shareholder Status is na´ve faux Marxism. Royal Mail will
launch the largest free employee share scheme to take place
in a major UK privatisation for more than 30 years.
USA: Broad-based employee stock ownership plans,
if properly designed, are the best way to ramp up productivity,
new research finds. Employee Stock Ownership Plans (ESOPs)
are a viable business succession alternative. Results from
the Employee Ownership Foundation's 22nd Annual Economic
Performance Survey of ESOP (employee stock ownership plan)
companies show that ESOPs saw increased economic growth
over the past year.
South Africa: Rentokil Initial South Africa launches
employee share ownership plan.
The full press review is available
political roadmap for employee ownership in Europe
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