EFES NEWSLETTER - FEBRUARY 2014
more employee share plans in Europe
The EFES Survey of employee ownership in 2013 is soon available,
showing that still more and more of European companies organize
employee share plans. In 2013, 85% of all large European companies
had employee share plans of all kinds, while 53% had "broad-based"
plans for all employees and 63% had stock option plans...
We have a selection of 32 remarkable articles in 11 countries
in January 2014: Belgium, China, France, Germany, Italy, Morocco,
Slovenia, South Africa, Spain, UK, USA.
Belgium: Leveraged Employee Stock Ownership Plan for
Nyrstar. By contrast to other European countries, employee
share ownership was seriously declining in Belgium since 2008.
China: How Huawei’s employee-ownership model works
in practice, and how that ownership translates into corporate
leadership and decision-making.
France: New employee share plan for Schneider Electric.
Business transmission as workers' cooperatives for Solaco
TP and for LFoundry.
Germany: Siemens CEO Joe Kaeser calls for higher tax
incentives for employee share ownership in Germany. Silent
participation for employees in Claas Group.
Italy: Privatization of the Italian Post: Employee
share ownership could bring a revolution in Italy.
Morocco: Employee share ownership is developing in
Slovenia: Looking for new ways to develop employee
ownership in Slovenia, the legislation of 2008 was not successful.
South Africa: National Union of Mineworkers would like
the Envision ESOP to be an example for other mining companies.
Spain: New employee share plan for Repsol. After Fagor
collapse, Mondragon cooperative conglomerate is struggling
to decide on how to restructure; President Gisasola resigns.
Share scheme limit rise divides opinion. New employee share
plans expected for Lloyds Bank and for TSB. FTSE-listed companies
that encouraged employees to purchase shares outperformed
those that did not by as much as 30% last year. Government's
plan for the promotion of employee ownership in the UK: One
year on report.
USA: How about raising employee ownership rather than
minimum wage? A set of new ESOP companies. The largest employee-owned
newspaper company in the United States.
The full press review is available
political roadmap for employee ownership in Europe
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