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EFES NEWSLETTER - SEPTEMBER 2021
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Employee
ownership driving Scottish economic recovery
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By
2030, the Scottish Government hopes the country will
be home to 500 employee-owned companies, compared to
just over 100 having switched to Employee Ownership
Trusts currently. Tens
of thousands of new employee owners.
They are witnessing a real awakening as to the benefits
that businesses becoming owned by their staff brings,
not just personally but for the fact that it locks jobs,
wealth and talent in Scotland. Employee
ownership’s part in the long-term recovery from the
coronavirus pandemic cannot be overlooked.
Transitioning to employee ownership is typically done
by entrepreneurs or family-owned businesses as part
of their succession plans.
What are the benefits for sellers? What are the benefits
for employees?
Let's see the facts: In our press review, a dozen real
cases and testimonies this summer in the British press.
See
more
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Press
review
We
have a selection of 35 remarkable articles in 9 countries in
July and August 2021: Australia, Belgium, Switzerland, France,
Germany, Hungary, UK, USA, South Africa.
Australia: New Employee Ownership Trust model lands in
Australia.
Belgium: Employee share ownership responds to a threefold
problem: justice, purchasing power, pensions.
Switzerland: More and more employees are participating
in their employer's company.
France: Panorama ERES: Employee share ownership in the
SBF120 is resisting the 2020 crisis.
First employee share plan for Rémy Cointreau. The shareholder
foundation model is spreading in France. Strong performance
of employee share ownership in non-listed companies.
Germany: The new legislation for employee share ownership
came into force on July 1, with the tax-exempt threshold of
EUR 360 increased to EUR 1,440 annually.
Hungary: New legislation was voted in June.
UK:
Every day a new SME is transferred to an Employee Ownership
Trust. Interest in employee ownership hit record highs during
the pandemic. Employee ownership driving Scottish economic recovery.
USA: The Employee Stock Ownership Plan (ESOP) is becoming
increasingly popular this year.
South Africa: Successful employee ownership for Arnot
Mine.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2021/August.htm
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A
political roadmap for employee ownership in Europe
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