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EFES NEWSLETTER - JULY 2020
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Employee
share ownership
for SMEs
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Worldwide, there
is a model for employee share ownership plans for SMEs
a thousand times more effective than all the others.
It is the ESOP. It is very suitable for SME owners,
as well as for employees.
Why? Because it is based on today's financial techniques,
not those of past centuries.
In this model, employees do not have to find the money,
sacrifice their savings, take the risk.
Indeed, just as can be seen in the leveraged buyout
techniques, it is the company and its shareholders that
provide the financing and the guarantees.
How can we introduce this type of employee share ownership
plan in every European country? A
group of European and American experts explains how
in
this publication
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Press
review
We
have a selection of 26 remarkable articles in 9 countries
in June 2020: Australia, Czechia, Denmark, France, Germany,
Italy, New Zealand, UK, USA.
Australia: The European Federation of Employee Share
Ownership calls for a public aid plan to develop employee
share ownership.
Czechia: The EFES calls on governments to support a
model that leads to a more democratic solution to the economic
crisis.
Denmark: Let employees take over bankrupt companies
after the corona crisis.
France: Many voices calling for massive development
of employee share ownership. ERES study shows that employee
share ownership is little affected by the crisis. New employee
share plans for Atos, for Sanofi, for Saint-Gobain, for Verallia.
Germany: The Federal Government has committed to increasing
employee share ownership. An attractive share ownership scheme
is to be created for start-ups.
Italy: Questions on public aid against the crisis.
Which place for employee share ownership?
New Zealand: Multiplicity of employee share ownership
schemes.
UK: Coronavirus will fuel revolution in employee ownership.
A set of new firms owned by Employee Ownership Trusts.
USA: With ESOP plans, employees become part of the
leadership.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2020/June.htm
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A
political roadmap for employee ownership in Europe
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