News Details

Employee Ownership Update

The EFES April 2013 newsletter is out.

Press review

We have a selection of 23 remarkable articles in 5 countries in March 2013: France, Italy, Spain, UK, USA.

France: Fluctuations of French policy regarding employee savings: Higher taxation now but lower tomorrow? President Hollande announces that employee savings will be unlocked in order to support private consumption. New employee share plan for Saint-Gobain. Some new workers' co-operatives. Debates about the governance of employee investment funds, the most usual way for employee ownership in France: Should the Board be elected by employee owners or should it be nominated by unions or others?

Italy: Prysmian Group launches a new employee share plan, a remarkable example. New employee share plan for Telecom Italia.

Spain: Hard times for Mondragon Corporation.

UK: Worries about Government's stance on employee share schemes: Employee share ownership is apolitical, but is now attached to quite a political idea. "Employee ownership" rather than "employee share ownership", a strange race in the UK. In a new report, the Employee Ownership Association announces the Employee-Owned Business sector has just jumped from 2 to 3% of GDP. Government opens tender for Royal Mail employee ownership.

USA: Employee buyout, a win-win-win solution for Kewaunee Nuclear Power Station?

The full press review is available on the EFES website.

Author: Diarmuid


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