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EFES NEWSLETTER - NOVEMBER 2018
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European
Parliament - Brussels
European Conference
6 February 2019 - 9:00 -12:00
Employee Share Ownership - The European Policy
"Employee
share ownership for all" - this is the goal of the European
Policy for 30 years. Today we are 10 million employee
shareholders in 95% of all European listed companies,
30 million voters including families. However we would
be six times more to be comparable with the USA. A European
Action Plan was requested by the European Council in
2000, it was announced by the Commission in 2002, it
was prepared by a Pilot Project in 2014 , the need was
reaffirmed through the European Parliament's Resolution
of 23 October 2018 and it has now to be implemented.
Please
use this button for pre-registration. Given the limited
number of places and for security reasons, the conference
will be only by invitation.
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European
Parliament's Vote
The Parliament passed its Resolution by an overwhelming
majority on 23 October in Strasbourg (589 for, 39 against
and 10 abstentions). This is thanks to the Report due
to Ms Renate Weber, Romanian Member of the European
Parliament (MEP), reiterating the Parliament's support
to the goal of "employee share ownership for all"
and the need for a European Action Plan.
Amongst all benefits, the Report particularly highlights
the positive effect of employee share ownership on growth
and employment.
Together with other MEPs, candidates to the 2019 Election
and European Commissioners, Ms Renate Weber will conclude
the Conference of 6 February in Brussels.
More
information
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Press
review
We have a selection of 25 remarkable articles in 8 countries
in October 2018: France, Germany, Hungary, Italy, Morocco,
Poland, UK, USA.
France: New employee share plan for Bouygues, for Air
Liquide. Each of all 11 million employees held 12.000 Euro
through employee savings plans in 2017, on which 38% through
employee share ownership plans. The new "PACTE"
Law is expected to boost employee share ownership in France.
Germany: New dedicated holding company for the 120
employees of DoubleSlash. 300.000 employee shareholders for
Siemens.
Hungary: The new legislation of 2015 helps to revive
employee share ownership in Hungary.
Italy: Free shares for all employees at Erg Company.
Morocco: New employee share plan for CBI, for AXA.
Poland: Gazolina Company pioneered employee share ownership
in Poland.
UK: The Scottish Government recently announced a plan
to make Scotland the "best country in the world for employee-owned
businesses". Labour Party plans on employee share ownership
are misguided. New small companies turning to the Employee
Ownership Trust scheme.
USA: 2018 Economic Performance Survey signals higher
profits for ESOP Companies; at the same time, 75% of employee-owned
companies increased wages at or above the national average
of 2.7%. New companies sold to employees through ESOPs.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2018/October.htm
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A
political roadmap for employee ownership in Europe
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