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EFES NEWSLETTER - FEBRUARY 2010
Happy
end in Italy
Each European country is now busy with the transposition
of McCreevy Directive about shareholders rights. In a first
stage, this transposition put Italian employee shareholders
associations in danger. Fortunately, the new legislation
finally maintains their role.
 -
new common logo for workers' cooperatives in France
The
French Confederation of Workers' Cooperatives launched a
new common logo for all French workers' coops. More
Press
review
Much new information about employee ownership in January
2010, with 1.418 articles in this press review (on which
563 involving stock options and 342 about workers' cooperatives).
We made a selection of 51 remarkable articles in 16 countries:
Australia, Canada, Cyprus, France, Germany, India, Italy,
Jamaica, Kenya, Netherlands, Pakistan, Poland, Spain, UK,
USA, Vietnam.
Australia:
Revived calls for the government to revisit the way executives
and employees are taxed on share purchase schemes. Much
room for improvement in the quality of management by introducing
superior management systems such as employee share ownership
schemes and employee participation in decision-making.
Canada:
United Steelworkers notifying Tembec paper mill of a union's
employee buyout proposal. Conflict with unions in Boisaco.
Cyprus:
Big semi-state organisations such as the Electricity Authority
and the Ports Authority operate as workers’ co-operatives.
France:
Growing interest about workers' co-operatives and employee
buyouts. The French Confederation of Workers' Cooperatives
launches a new common logo "lesScop".
Germany:
Recent new legislation about employee share plans appears
to be a flop. Still discussions about employee ownership
scheme for Opel employees.
India:
Employee stock options are back in vogue.
Italy:
Transposition of McCreevy Directive about shareholders rights:
In a first stage, employee share ownership was put in danger.
Fortunately, the new legislation finally confirms the role
of employee shareholders associations.
Jamaica:
Keep Air Jamaica in local hands through employee share ownership,
union boss pleads.
Pakistan:
Half a million workers will benefit from Benazir Employee
Stock Option schemes in state owned companies. Under the
scheme 12 per cent of government shares are being transferred
to workers in entities including 16 listed and 33 unlisted
public companies.
Spain:
Employee-owned companies could be a good answer to the crisis
in Castilla y León.
UK:
Co-operative business models are back in the spotlight as
people look for more sustainable and effective ways of running
a business. First John Lewis-style private hospital is launched:
Bath clinic is first in planned chain of 30 private hospitals
run as John Lewis-style, employee partnerships.
USA:
Co-op businesses offer a model to empower workers. On the
other hand, employee bonuses survive recession. Employees
want to buy bankrupt grocer through stock ownership plan
in Syracuse. In Oregon employee-owned company Blue Heron
Paper announced that it will reorganize under Chapter 11
and that 50 employees have been told they would be laid
off.
Vietnam:
The amount held by employee shareholders is rather high,
but this rate will be changed after VietNamNet Bridge being
listed.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2010/January.htm
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free German data base with articles dealing with employee
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