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EFES NEWSLETTER - APRIL 2007
Employee
ownership in widest European companies
87%
of all widest European groups have employee share ownership
and 82,6% have plans to develop it more, while 49% have
broad based plans (all employees plans). Employee share
ownership is significant in 40,3% (employee owners holding
more than 1%). On the other hand, 69,6% use stock options.
Our database of employee ownership in European companies
is now complete. It gathers the numbers and the detailed
history of employee share plans in the 2.000 European widest
groups, in 27 European countries. This is 29 millions employees
(corresponding to 100-120 millions people, some 25% of the
whole European population, if you consider that a family
sizes 3-4 persons). The database can be used for benchmarking
about countries, branches or a defined list of companies
as well. You
can ask us here for conditions
The European Employee Ownership TOP 2007
Would your company be partner of the European Employee
Ownership TOP 2007? The database will be updated. It will
also be expanded to Romania, Bulgaria and probably Turkey.
The ranking of the TOP employee ownership companies will
be published through a celebration conference at the end
of the year, a dedicated website and a publication. Call
us for partnership
Strong differences in buildings and engineering
Last month, we underlined the fact that employee ownership
shows major differences between European companies of the
same sector. For instance, this is how much an employee
holds in average in shares in following banks: UBS 87.000
, Deutsche Bank 61.000 , Sociιtι Gιnιrale 38.000 ...
Fortis 5.000 , ING 1.535 ... This month, let's see the
numbers for buildings and engineering (see column on the
right side):
Survey of employee ownership in Australia
Four new research reports give a full survey of employee
ownership in Australia, due to the University of Melbourne:
An Overview of Existing Data on Employee Share Ownership
in Australia, Employee Share Ownership: A Review of the
Literature, Employee Share Ownership Plans in Australia:
The Corporate Law Framework, Employee Share Ownership Plans
in Australia: The Taxation Law Framework. Click
here for full information and download reports
Press Review
Much
new information about employee ownership in March 2007,
with 2.910 articles in our press review (on which 951 about
stock options and 307 about workers' co-operatives). We
made a selection of 52 remarkable articles in 11 countries:
Australia, Austria, Canada, France, Ireland, India,
Malta, Netherlands, Spain, United Kingdom, USA.
Strong debate in USA: Would largest groups as the
Chicago Tribune (21.000 employees, second national newspaper)
or Chrysler be turned to employee ownership? (739 articles)
"Bidding war for Tribune", "battle for Tribune",
"battle of the billionaires" 3 billionaires
presenting offers based on employee ownership. Corey Rosen
of the National Employee Ownership Center makes the point.
Rescuing failing enterprises through workers' cooperatives
or other employee-owned solutions. Many cases occurring,
successful or not, in Canada, France (Samsonite, Pamco Industries,
"La solution SCOP", Lip), USA (300 employee-owned
firms in Michigan), UK (Burberry).
Strange cases in France: Eiffage (22% employee owned,
50.000 employees) decided to block employees shares, while
Air France-KLM (12% employee-owned) discourages employees
to sell their shares, offering them a quote protection.
Netherlands: Arcadis (employee-owned, 9.000 employees)
sells a subsidiary to Mott MacDonald (UK employee-owned,
9.000 employees).
Malta: General Workers' Union attacks the government
who will tax employees share options.
India: Big national debate, much arguments about
Minister of Finance's decision to tax stock options.
UK: Cooperatives pay big dividends, while it's commonly
held that employee-owned firms are uncompetitive !?
The press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2007/March.htm
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 WHAT
ABOUT YOU?
This is how much an employee holds, in average, in shares
of:
Holcim
218
HeidelbergCement
734
Lafarge 3.609
CimentsFranηais 63
Italcementi
135
Italmobiliare
87
YIT
5.802
Grupo ACS 878
ConsCoopConstr. 4.705
Acciona
0
Hochtief
172
BilfingerBerger
1.150
Vinci
10.627
Bouygues 22.784
Colas
1.085
Eiffage
23.673
Skanska
0
G.Ferrovial 38
FCC
0
SacyrVallehermoso
0
Geberit
14.771
Bekaert
672
Nexans
902
Schindler
PS 321
SaintGobain
5.738
Hanson 1.032
CRHplc
1.375
Veidekke 22.553
Arcadis
43.711
UBS 87.000
Total 47.000
Novartis 48.000
Mondragon 54.000
DeutscheBank 61.000
SocGen 38.000
BNPParibas 30.000
CrιditAgricole 48.000
AXA 27.000
Bouygues 23.000
EFES
needs more members. Download
EFES membership form
What's
new on EFES website?
EFES
NEWS distribution: 80.000
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