EFES NEWSLETTER - JULY 2013
about European Parliament's study
The European Parliament – Economic & Scientific
Policy Department published a study named "Employee
Financial Participation and Companies' Proceeds". This
study published by the European Parliament was quoted by
the European Commission as the most recent element of the
"European background", in its call for tender
for the implementation of the European Pilot Project for
the Promotion of Employee Ownership and Participation… More
We have a selection of 27 remarkable articles in 10
countries in June 2013: Austria, France, Germany, Italy,
Norway, Poland, Spain, UK, USA, Vietnam.
Austria: Management/Employee Buy Out for ACP IT Solutions.
France: First employee share plan for Areva . National
plan for employee buyouts through workers' co-operatives,
including the dedicated website jetransmetsamessalaries.fr. STEF
celebrates the 20 years of its employee share ownership
Germany: Employee share plans on the rise in Germany.
Norway: Employees now own 19% of the shares in Veidekke.
Poland: End of blockage period for employee shares
Spain: The social economy lost its enterprises by
41% and its employment by 39% since 2007 in Cordoba.
UK: Employee share plan for Unity Trust Bank, whose
majority shareholders are unions. Co-operatives can be seen
as splendidly conservative institutions. Sir Charlie Mayfield
(chairman of John Lewis Partnership and of the Employee
Ownership Association): "The employee-owned business
sector could eventually grow five-fold if helped by more
favourable Government policies". There has been a "significant
rise" in the number of employees opting to take shares
in the company that they work for as part of a remuneration
package, according to a new survey.
USA: The Bernard Group announces that due to an Employee
Stock Ownership Plan (ESOP), its employees now own the company.
Concerned about the sale of Smithfield Foods to a Chinese
conglomerate, State Delegate Bob Marshall is proposing an
alternative: Let the employees buy it - An Employee Stock
Ownership Plan plan “would allow the current employees of
Smithfield Foods to purchase Smithfield without having to
put their own savings toward that purchase.”
Vietnam: The ESOP rush.
The full press review is available
political roadmap for employee ownership in Europe
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NEWS distribution: 200.000