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EFES NEWSLETTER - OCTOBER 2021

 The 1BY30 Coalition

A coalition is formed in the United Kingdom. It brings together the leading organizations of the cooperative movement and employee ownership - Co-operatives UK and the Employee Ownership Association.

They are campaigning for the 1 by 30 - the one milllion owners: One million employee owners in British SMEs by 2030.
More than the whole of the European Union today.

In recent years there has been increased demand for professional advice and support relating to employee †ownership in the UK. This is why the coalition set up The Ownership Hub.

The Ownership Hub is developing resources and training for professional advisors to be able to support entrepreneurs and business to adopt employee ownership and and worker co-operatives at different stages of the business lifecycle.Worker co-operatives are the established model for creating business that are worker owned from start-up. The co-op model is also often used by young business to transition to worker ownership early on.
In addition, startups are frequently using employee share schemes, particularly stock options.

On the other hand, the picture is quite different in the framework of ownership succession. For business transmission to employees, the ESOP/EOT schemes are the most effective in many cases.

More information in  The Ownership Hub   

Press review
We have a selection of 27 remarkable articles in 12 countries in September 2021: Belgium, Canada, France, Germany, Ireland, India, Norway, Poland, Spain, Sweden, UK, USA.
Belgium: To relaunch employee share ownership in Belgium.
Canada: A policy idea thatís gaining political traction: employee ownership.
France: Why such a dynamic of employee share ownership at Saint-Gobain? New employee share plans for Veolia, for Capgemini, for Orange, for Spie.
Germany: Siemens is changing.
India: The entire ESOP scheme has been relaunched at Infosys.
Ireland: More than 1,000 employees are shareholders and hold 100% of PM Group.
Norway: Kantega is 100% employee-owned.
Poland: Ang Grupa is 60% employee-owned. What are the obstacles to employee share ownership in Poland?
Spain: First employee share plans for Mapfre and for Ebro.
Sweden: Norconsult is the largest 100% employee-owned company in the Nordic countries.
UK: Every day a new SME is transferred to an Employee Ownership Trust as for instance this month: † White Ink Architects, Microtech, Buckingham Group, LDA Design, Pennard Vets, DXW, ICS2 Cables. The new Employee Ownership Hub.
USA: Employee Ownership Catalyst Fund to back worker-ownership conversions.

The full press review is available on:
              http://www.efesonline.org/PRESS REVIEW/2021/September.htm 

 


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   With best regards

 

 
 

Marc Mathieu
Secretary General
EFES - EUROPEAN FEDERATION OF EMPLOYEE SHARE OWNERSHIP
FEAS - FEDERATION EUROPEENNE DE L'ACTIONNARIAT SALARIE
Avenue Voltaire 135, B-1030 Brussels
Tel: +32 (0)2 242 64 30 - Fax: +32 (0)2 791 96 00
E-mail: efes@efesonline.org
Web site: www.efesonline.org
EFES' objective is to act as the umbrella organization of employee owners, companies and all persons, trade unions, experts, researchers, institutions looking to promote employee share ownership and participation in Europe.