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EFES NEWSLETTER - MAY 2020
PROPOSAL
Employee
share ownership
against the crisis
An
employee share ownership
fund to help companies
See
and react
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To save companies with cashflow problems or under threat
of bankruptcy from the pandemic, forms of State aid
are multiplying: allowances, subsidies, loans, equity
investments or even nationalisation. All are ultimately
aimed at existing shareholders.
At
the same cost, part or even all of this State funding
could be directed to helping employees become shareholders
in their businesses. Companies wishing to do so could
set up an employee share ownership fund, to acquire
10%, 20% or even 100% of the shares.
The
employee ownership model to be used is the ESOP model
introduced in the United States as long ago as 1974.
It was invented particularly for SMEs. It is still almost
unknown in Europe, it is very different from what we
know over here. However, it can be implemented in all
European countries on the basis of existing legislation,
by simply adapting it case by case in the finer points...
See
more
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JUST
RELEASED
The
new "Annual Economic Survey of Employee Share Ownership
in European Countries" is just released
More information
in
partnership with
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Press
review
We have a selection of 22 remarkable articles in 6 countries
in April 2020: France, Germany, Italy, Netherlands, UK, USA
France: Employee share ownership and the corona crisis.
New employee share plan for Vivendi.
Germany: Employee share ownership to tackle the corona
crisis. For the Minister of the Economy Peter Altmaier, it
is urgent for Germany to catch up with regard to employee
share ownership.
Italy: Prysmian's management will increase its shareholding
to face the corona crisis.
Netherlands: Employee share ownership for startups
and SMEs.
UK: New architects firm sold to an employee ownership
trust.
USA: Using ESOP plans to empower workers and boost
growth.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2020/April.htm
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A
political roadmap for employee ownership in Europe
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