EFES NEWSLETTER - JANUARY 2016
All actors of employee share ownership in France met for
their "Grand Prix" on 15 December in Paris. They
all agreed to launch a new "crusade" for employee
share ownership in France. Several governments in the European
Union chose for higher fiscal incentives, considering employee
share ownership as an investment for the future and a key
for recovering from the European crisis. So did the UK and
Austria recently. The example is also coming from the USA,
with employee ownership being one of the themes of the presidential
election campaign. France should get back to the same way.
Assets held by the employee owners in Europe were never so
high: 370 billion Euro and more than 3% of the capital of
all large European companies in 2015. This is more than 45,000
€ per person (more than 25,000 € if executive directors are
excluded). Thus, even through the European crisis, employee
share ownership is a formidable engine to share in results
and growth, - assets per person have more than doubled since
2009. This is the first indication from the next "Economic
Survey of Employee Share Ownership in European Countries"
to be published in March 2016. More
We have a selection of 29 remarkable articles in 8 countries
in December 2015: France, Germany, India, Italy, South Korea,
Spain, UK, USA.
France: The "Grand Prix" of employee share
ownership was celebrated on December 15. New employee share
plans for Amundi, Worldline, Spie, Vallourec, Veolia, Technip.
Chèque Déjeuner and SNA are two major workers' cooperatives
Germany: Difficult situation for employee owners of
Der Spiegel. New calls for policy support to employee share
ownership in Germany.
India: Tax exemptions proposed on stock options given
to employees by startups and on capital gains made from investing
in new ventures.
Italy: Bad situation for employee shareholders in Banca
South Korea: New employee share plan for Hotel Lotte.
Spain: Much awaited from the new law on employee-owned
and participative companies.
UK: Woollard & Henry and Quintessa are two prominent
USA: The Rise of the Worker-Owned Business.
The full press review is available
political roadmap for employee ownership in Europe
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