EFES NEWSLETTER - SEPTEMBER 2006
Sixth European Meeting
of Employee Ownership
The Sixth European Meeting of Employee Ownership will be
held in Brussels on December 14-15-16, 2006. The meeting
will announce the ranking of all Europe's widest employee
ownership companies: The European Employee Ownership Top
100 - 2006. For the first time, a complete survey of employee
ownership will be available, for all countries of the EU.
here for detailed information and draft programme
travel and accommodation expenses could be reimbursed !!
Thanks to our sponsors, EFES will be able to cover your
travel and accommodation expenses for the Sixth European
Meeting of Employee Ownership. Click
here for detailed information.
new platform for employee ownership in Austria
platform published a strong study on employee ownership
and participation schemes in Austria. See on Plattform
new information about employee ownership in August 2006,
with 940 articles in our press review (on which 238 about
We made a selection of 29 articles in 12 countries.
The scandals about stock options got new developments
in France and the US (122 articles). All major candidates
to French Presidency declared willing to restrain or even
forbid stock options in the future. Similar reactions appeared
in other countries like Italy, Austria or UK.
Austria: A new wide research was published about
employee share ownership and financial participation schemes
France was the hottest place regarding employee
ownership in August. The new legislation is going to be
voted by the Parliament in autumn, while AXA launched its
new employee share ownership plan.
Germany: the German "Mitbestimmung" (co-decision) has now 30
years and some reflections are done about the future.
Ireland: Eircom issue being now concluded (Eircom's
Employee Share Ownership Trust from 21.5% to 35%), the air
company Aer Lingus will be the next, privatisation bringing
wider place for employee ownership.
Kingdom: Royal Mail continues to work on its controversial new employee
USA: SAIC - one of the biggest employee-owned company in the
world (43.000 workers) – decided to go public, but new obstacles
have to be faced. A number of articles give interesting
examples of employee ownership in companies (UPS, Sheridan,
CI Travel, Delta Medical Center). On the other hand, be
careful with "ESOP fables": Hundreds of workers at Hoover Co. (the vacuums) are searching for a way to buy
their company, but experts say adopting an employee stock
ownership plan to save jobs is a tough route.
The press review is available
REVIEW - August 2006.htm
company can be a partner of the TOP 100 project and the
Sixth European Meeting of Employee Ownership
Survey on Employee Share Ownership and Work Values
New platform for employee ownership in Austria: Plattform
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
needs more members. What about you? You can help EFES and
EFES can help you.
Click here to download EFES membership form
European Employee Ownership Top 100
Click here for info
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NEWS distribution: 80.000