EFES NEWSLETTER - OKTOBER 2018
share ownership? Which one?
to make employee share ownership really work? If there
is one thing that absolutely everyone believes in
the UK, it is that employee share ownership is a very
good thing. However, the new proposals due to the
Labour Party provoke violent controversies.
really matters is not just the shares but the rights,
obligations and extent of ownership attached to them.
Full rights or imitations? In the Labour Party version,
"employee" ownership would not really be
an ownership scheme: Employees would not be able to
buy or sell the shares that would be notionally theirs...
See more information in Press review
We have a selection of 25 remarkable articles in 6 countries
in September 2018: Canada, France, Hungary, India, UK, USA.
Canada: Ten years of employee share ownership for
Harmac mill, after previous owner went bankrupt.
France: New employee share plan for Vinci, for Michelin,
for Cap Gemini. Free shares for all Alstom employees. Eres
Group's annual study reveals that 2018 will be a great year
for employee share ownership in France.
Hungary: The new legislation of 2015 helps to revive
employee share ownership in Hungary.
India: Attempts by public sector banks to put in
place employee share purchase plans and stock options are
UK: Violent controversies following new proposals
from the Labour Party. Employee-owned John Lewis' profits
dive by 99% as Brexit row erupts. New small companies turning
to the Employee Ownership Trust scheme.
USA: In the last two years, two new bills have made
their way through the legislative chambers with the aim
of encouraging employee ownership in U.S. companies. The
new legislation had co-sponsors on both sides of the political
aisle. It is the most far-reaching employee share ownership
legislation to pass US Congress in over 20 years. Tokens
instead of stock options? New companies sold to employees
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