| EFES NEWSLETTER - JUNI 2006
 6. Europäische Konferenz 
                      für Mitarbeiterkapitalbeteiligungin Brussel - 14.-15.-16 December 2006. Thema: The European 
                      Employee Ownership Top 100
 
 The European Employee 
                      Ownership Top 100 - 2006 listet europäische Unternehmen nach zwei die Mitarbeiterkapitalbeteiligung 
                      betreffenden Auswahlkriterien. Dadurch entstehen zwei Listen:
 EUROPA EMP 100: Die Unternehmen werden nach Anzahl 
                      der beschäftigten Arbeitnehmer gelistet, wobei es sich um 
                      Unternehmen handelt, an denen die Arbeitnehmer zu mindestens 
                      50% kapitalbeteiligt sind. Diese Beteiligung kann sich eventuell 
                      aus einer Treuhand-Mitarbeiterbeteiligung (ESOP), einem 
                      Aktiensparplan, einem anderen Plan zur Arbeitnehmerkapitalbeteiligung 
                      oder auch aus einer Arbeitnehmergenossenschaft ergeben.
 EUROPA CAP 100: Die Unternehmen werden nach dem 
                      Kapitalanteil der Arbeitnehmer (in Millionen Euro) gelistet. 
                      Diese Liste umfasst ungeachtet der Höhe des gehaltenen Anteils 
                      alle größeren Unternehmen, an denen die Arbeitnehmer teilweise 
                      oder ganz kapitalbeteiligt sind. Diese Beteiligung kann 
                      sich eventuell aus einer Treuhand-Mitarbeiterbeteiligung 
                      (ESOP), einem Aktiensparplan, einem anderen Plan zur Arbeitnehmerkapitalbeteiligung 
                      oder auch aus der Bildung einer Genossenschaft ergeben.
 Press Review    
                      Much new information about 
                      employee ownership in May 2006, with 971 articles in our 
                      press review (on which 343 about workers' co-operatives).
 We made a selection of 40 articles in 12 countries (Ireland, 
                      USA, Austria, France, Jamaica, United Kingdom, Germany, 
                      Brazil, South Africa, South Korea, Canada, India).
 Ireland was the hottest place regarding employee 
                      ownership in May, with the followings of Eircom's serial 
                      (97 articles). At the origin, Australian investment fund 
                      Babcock & Brown proposed a take over. Now Eircom's Employee 
                      Share Ownership Trust seems to emerge as the big winner, 
                      and employee ownership could raise from 21.5% to 35%.
 In the USA, some examples of possible rescuing companies 
                      through employee ownership in Hoover (vacuum cleaners) and 
                      Park Falls (paper mill). Bad and happy stories in Swanson 
                      Legacy, Green Giants, Christensen Group and New Belgium 
                      Beer.
 In Austria, workers ownership will be developed in 
                      the framework of Post's privatisation.
 In France, the preparation of a new legislation is 
                      going to its conclusion; various opinions can be found on 
                      the subject. On the other hand, employee ownership is expanding 
                      strongly. Some case stories about typical situations in 
                      Thales, SNCM privatisation, Auchan, AGF, Arcelor.
 In UK, the new conservative leader David Cameron 
                      picks the promotion of employee share ownership as one of 
                      the two areas where a Tory government would cut red tape. 
                      On the other hand, employee ownership seems to be a major 
                      question in the privatisation of the Royal Mail.
 Jamaica tells the story of one of the first company in the world to offer 
                      an employee share ownership plan.
 In Germany, Angela Merkel's plans to develop employee 
                      share ownership get supports (see AGP Conference) and opposition 
                      as well (with a description as a "horrorkatalog")
 In Brasil, President Lula launched the idea of a 
                      new labour pact, including a new legislation for workers' 
                      co-operatives.
 In South Korea, employee ownership is developing 
                      in Hyundai.
 Canada gives the example of a possible rescue for 
                      Neenah paper mill.
 Finally, India will use employee stock options to 
                      facilitate the merger of Air-India and Indian.
 
 The press review is available 
                      on:http://www.efesonline.org/PRESS 
                      REVIEW - May 2006.htm
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                       Düsseldorf 
                      - 14. Juni 2006 "56. Bundeskonferenz der AGP" Veranstaltung 
                      der AGP (Arbeitsgemeinschaft Partnerschaft in der Wirtschaft) 
                      und dem Ministerium für Wirtschaft, Mittelstand und Energie 
                      des Landes Nordrhein-Westfalen  International 
                      Survey on Employee Share Ownership and Work Values
  Italia 
                      - Bologna - 14 giugno 2006 "Piccoli Azionisti" - le associazioni 
                      presentano le loro idee
  New European report, by Erik Poutsma and others: "Changing 
                      Patterns of Employee Financial Participation in Europe - 
                      A survey among listed firms in Six European Member States" Click here to download
 
  EFES 
                      needs more members. What about you? You can help EFES and 
                      EFES can help you. Click here to download EFES membership form
  Soon published: The 
                      European Employee Ownership Top 100
 Click here for info
 
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