SURVEY OF EMPLOYEE OWNERSHIP IN EUROPEAN COUNTRIES
the first time since the financial crisis, the
number of employee shareholders in Europe didn't
increase last year
| The percentage of large
European companies having employee ownership
and employee share plans for all employees is
still continuously growing.
However, the number of employee shareholders
slightly decreased to 9,65 million people last
year, and the democratization rate of employee
ownership (measured as the percentage of employee
shareholders amongst all employees) went back
The share held by employees in the ownership
structure of European companies confirmed its
growing trend, even during the financial crisis.
However, a new differentiation appears between
top executives and other employees since the
beginning of the crisis.
The share held by common employees is continuously
decreasing since 2009. At the contrary, top
executives increased their share in companies'
As a consequence, the average capitalization
held by each of the 8.845 top executives in
large European companies in 2012 raised to 9,1
million Euro, compared to the average capitalization
of 11.500 Euro held by each of the 9,6 million
common employee shareholders.
This picture of a first decrease in the democratization
of employee ownership since the financial crisis
may be related to some recent negative political
orientations decided in a number of European
countries regarding employee share ownership,
for instance in Ireland, The Netherlands, France
(higher taxation), or even in the UK (maximum
savings limits in employee share plans have
not been increased since 2000).
In addition, nothing effective
was made for the promotion of employee share
ownership in Eastern and Southern Europe.
|The average democratization
rate in Greece, Italy, Portugal and Spain was
no more than 10,8% in 2012, and it was even
lower in most Eastern countries, compared to
31% in the rest of Europe.
This is the main conclusion of the new economic
survey of employee ownership in European countries
The survey brings exhaustive information, based
on the census of the 2.493 largest European
companies employing 34,2 million people in 2012 (compared
to 32,8 million in 2011).
Survey 2012 - Full version
The full Annual Economic Survey can be ordered
Content: 130 pages. Main findings of
census 2012, more than 50 tables and graphs,
evolution of employee ownership in Europe 2006-2012,
democratization ratio of employee ownership
in various European countries, relative shares
of Top Executives and other employees, list
of most remarkable companies...
Subscription price: 95 Euro (free for the EFES'
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European Employee Ownership Top 100
European Employee Ownership TOP 100 is designed
with respect to two rankings of Europe's largest
companies, considering employee ownership. In the
EUROCAP100 ranking, companies are ranked by equity
held by employees, in million Euro. In the EUROEMP100
ranking, companies that are 50% or more employee-owned
are ranked by number of employees. Both rankings
are published in the Economic Survey.
of employee ownership in European companies
The data are
available for analysing companies, for benchmarking,
for market research, as well as for research work
and teaching, and for macroeconomic analysis. The
database gathers economic and financial information
about employee ownership in the 2.500 largest European
companies, including listed and non-listed companies.
Each European country can easily be compared to
others through a specific country file, using a
set of 10 graphs, using fully comparable information.
information and contact
EFES - EUROPEAN
FEDERATION OF EMPLOYEE SHARE OWNERSHIP
FEAS - FEDERATION EUROPEENNE DE L'ACTIONNARIAT SALARIE
Avenue Voltaire 135, B-1030 Brussels
Tel: +32 (0)2 242 64 30 - Fax: +32 (0)2 808 30 33
Web site: www.efesonline.org
EFES' objective is to act as the umbrella organization
of employee owners, companies and all persons, trade
unions, experts, researchers, institutions looking
to promote employee ownership and participation