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EFES NEWSLETTER - OCTOBER 2021
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A
coalition is formed in the United Kingdom. It brings
together the leading organizations of the cooperative
movement and employee ownership - Co-operatives UK and
the Employee Ownership Association.
They are campaigning for the 1 by 30 - the one milllion
owners: One million employee owners in British SMEs
by 2030.
More than the whole of the European Union today.
In recent years there has been increased demand for
professional advice and support relating to employee
ownership in the UK. This is why the coalition set
up The Ownership Hub.
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The
Ownership Hub is developing resources and training for
professional advisors to be able to support entrepreneurs
and business to adopt employee ownership and and worker
co-operatives at different stages of the business lifecycle.Worker
co-operatives are the established model for creating
business that are worker owned from start-up. The co-op
model is also often used by young business to transition
to worker ownership early on.
In addition, startups are frequently using employee
share schemes, particularly stock options.
On the other hand, the picture is quite different in
the framework of ownership succession. For business
transmission to employees, the ESOP/EOT schemes are
the most effective in many cases.
More information in The
Ownership Hub
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Press
review
We
have a selection of 27 remarkable articles in 12 countries
in September 2021: Belgium, Canada, France, Germany, Ireland,
India, Norway, Poland, Spain, Sweden, UK, USA.
Belgium:
To relaunch employee share ownership in Belgium.
Canada: A policy idea that’s gaining political traction:
employee ownership.
France: Why such a dynamic of employee share ownership
at Saint-Gobain? New employee share plans for Veolia, for
Capgemini, for Orange, for Spie.
Germany: Siemens is changing.
India: The entire ESOP scheme has been relaunched
at Infosys.
Ireland: More than 1,000 employees are shareholders
and hold 100% of PM Group.
Norway: Kantega is 100% employee-owned.
Poland: Ang Grupa is 60% employee-owned. What are the
obstacles to employee share ownership in Poland?
Spain: First employee share plans for Mapfre and for
Ebro.
Sweden: Norconsult is the largest 100% employee-owned
company in the Nordic countries.
UK: Every day a new SME is transferred to an Employee
Ownership Trust as for instance this month: White Ink Architects,
Microtech, Buckingham Group, LDA Design, Pennard Vets, DXW,
ICS2 Cables. The new Employee Ownership Hub.
USA: Employee Ownership Catalyst Fund to back worker-ownership
conversions.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2021/September.htm
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A
political roadmap for employee ownership in Europe
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