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EFES NEWSLETTER - OCTOBER 2023
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Employee ownership in SMEs is developing in all sectors
and all branches of activity. Here are a few new cases
of companies in Great Britain that have just been transferred
to the employees:
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All
these employees became owners of their company, without
having to pay anything.
They could keep their savings, nor did they have to
take out a loan.
Yet they paid. How? With their work – the same work
they had always done.
In other words, employee has not exposed them to any
additional risk, contrary to the common misunderstandings.
The financial mechanism that enables companies to be
passed on to employees is collective employee ownership.
It works in the USA. It works in Great Britain.
There are in fact many other European countries that
have similar legal mechanisms in place: private foundation,
fondation privée, fiducie, stichting administratiekantoor,
Privatstiftung, stiftelse,…
Find
out more
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Press
review
We
have a selection of 30 remarkable articles in 9 countries
in September 2023: Belgium,
Germany, Denmark, France, Italy, Japan, Netherlands, UK, USA.
Belgium:
Automation & Robotics is a good example of transferring
a business to employees in Belgium.
Germany: The association of business leaders has high
hopes for the new law project to develop employee share ownership
also in Germany.
Denmark: New employee share plan for Elis.
France: New employee share plans for Renault, for Veolia,
for Capgemini, for Technip Energies, for Spie, for Air France-KLM.
Italy: Employee ownership symposium.
Japan: Japanese companies are interested in employee
share ownership incentives.
Netherlands: Around 10% of SMEs offer their employees
the possibility of becoming shareholders or co-owners of their
company.
UK: Thanks to the Employee Ownership Trust scheme,
every day a new SME is transferred to employees. This month,
among others, the case of: Highland Fuels, Alexander (Scotland)
& Co, Glen Drummond Accountants, Company Registrations
Online, The Specialist Blind Co, Waterco, Allstaff Recruitment.
Selling to an Employee Ownership Trust – essential early questions.
Finance best practices in moving to an employee ownership
trust.
USA: Fundraising for business transfers to employees.
BDO adopts ESOP model. Teamshares represents employee ownership
for SMEs in private equity style.
The full press review is available
on:
https://www.efesonline.org/PRESS
REVIEW/2023/September.htm
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A
political roadmap for employee ownership in Europe
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