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EFES NEWSLETTER - FEBRUARY 2021
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How many employee shareholders in Europe?
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The
number of employee shareholders in Europe continues
to rise.
This
is indicated by the initial figures from the new Annual
Census of Employee Ownership in Europe, which will be
published next April.
The
graph makes it possible to distinguish the evolution
in listed companies, but also in all large companies
(listed and unlisted), as well as in SMEs.
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In large companies, employee ownership has suffered
from the negative policies adopted by governments in
countries like France or Denmark in the early 2010's.
Recently,
policies have become more positive again, but negative
shocks are still far from being forgotten. It's easier
to break trust than it is to restore it. In Denmark,
for example, tax incentives were abolished in 2011 and
reinstated in 2016, but few companies have yet taken
the risk of reinvesting in employee share plans.
In
SMEs, the number of employee shareholders in Europe
continues to stagnate at around one million people.
With the exception of Great Britain, no European country
has yet set up an employee share ownership scheme adapted
to SMEs (exception workers' cooperatives). This in direct
contrast to the USA, where ESOP plans alone have 14
million employee shareholders.
At
the current rate, it will take Europe a little over
400 years to reach a number of employee shareholders
comparable to that achieved today in the United States.
Come
on, we can do better!
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Press
review
We have a selection of 24 remarkable articles in 10
countries in January 2021: Czechia, Denmark, Germany, France,
Italy, Latvia, Spain, Sweden, UK, USA.
Czechia: Taylor Guitars shifts to an ESOP plan.
Denmark: Political campaign to promote workers' cooperatives in Denmark.
Germany: In the
European ranking of employee share plans for startups, Germany
and Belgium are at the very last place.
France: New employee
share plan for Suez. Business transfers through workers' co-operative.
Italy: Employee
ownership in SMEs. Call for the representation of employee
shareholders on the boards of large European companies.
Latvia: New regime for taxation of employee stock options.
Spain: Josetxo
Hernandez takes stock of 37 years at the head of ASLE, the
Basque federation of sociedades laborales.
Sweden: Stock options
should receive better treatment in Sweden.
UK: Employee
Ownership Trusts increasing in popularity.
USA: Employee-ownership companies set to outperform
in anticipated 2021 recovery. Iconic Taylor Guitars to become
100% employee-owned company. Top Biden economist: Encouraging employee ownership
could improve job quality, increase workers' wealth &
productivity.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2021/January.htm
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A
political roadmap for employee ownership in Europe
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