NEWSLETTER - APRIL 2007
Mittelstand - Erfolgsfaktor gesellschaftliches Engagement
17.04.07 - Bertelsmann Repräsentanz, Unter den Linden
Employee ownership in widest European companies
of all widest European groups have employee share ownership
and 82,6% have plans to develop it more, while 49% have
broad based plans (all employees plans). Employee share
ownership is significant in 40,3% (employee owners holding
more than 1%). On the other hand, 69,6% use stock options.
Our database of employee ownership in European companies
is now complete. It gathers the numbers and the detailed
history of employee share plans in the 2.000 European widest
groups, in 27 European countries. This is 29 millions employees
(corresponding to 100-120 millions people, some 25% of the
whole European population, if you consider that a family
sizes 3-4 persons). The database can be used for benchmarking
about countries, branches or a defined list of companies
as well. You
can ask us here for conditions
The European Employee Ownership TOP 2007
Would your company be partner of the European Employee
Ownership TOP 2007? The database will be updated. It will
also be expanded to Romania, Bulgaria and probably Turkey.
The ranking of the TOP employee ownership companies will
be published through a celebration conference at the end
of the year, a dedicated website and a publication. Call
us for partnership
Strong differences in buildings and engineering
Last month, we underlined the fact that employee ownership
shows major differences between European companies of the
same sector. For instance, this is how much an employee
holds in average in shares in following banks: UBS 87.000
€, Deutsche Bank 61.000 €, Société Générale 38.000 € ...
Fortis 5.000 €, ING 1.535 € ... This month, let's see the
numbers for buildings and engineering (see column on the
Survey of employee ownership in Australia
Four new research reports give a full survey of employee
ownership in Australia, due to the University of Melbourne:
An Overview of Existing Data on Employee Share Ownership
in Australia, Employee Share Ownership: A Review of the
Literature, Employee Share Ownership Plans in Australia:
The Corporate Law Framework, Employee Share Ownership Plans
in Australia: The Taxation Law Framework. Click
here for full information and download reports
new information about employee ownership in March 2007,
with 2.910 articles in our press review (on which 951 about
stock options and 307 about workers' co-operatives). We
made a selection of 52 remarkable articles in 11 countries:
Australia, Austria, Canada, France, Ireland, India,
Malta, Netherlands, Spain, United Kingdom, USA.
Strong debate in USA: Would largest groups as the
Chicago Tribune (21.000 employees, second national newspaper)
or Chrysler be turned to employee ownership? (739 articles)
"Bidding war for Tribune", "battle for Tribune",
"battle of the billionaires" – 3 billionaires
presenting offers based on employee ownership. Corey Rosen
of the National Employee Ownership Center makes the point.
Rescuing failing enterprises through workers' cooperatives
or other employee-owned solutions. Many cases occurring,
successful or not, in Canada, France (Samsonite, Pamco Industries,
"La solution SCOP", Lip), USA (300 employee-owned
firms in Michigan), UK (Burberry).
Strange cases in France: Eiffage (22% employee owned,
50.000 employees) decided to block employees shares, while
Air France-KLM (12% employee-owned) discourages employees
to sell their shares, offering them a quote protection.
Netherlands: Arcadis (employee-owned, 9.000 employees)
sells a subsidiary to Mott MacDonald (UK employee-owned,
Malta: General Workers' Union attacks the government
who will tax employees share options.
India: Big national debate, much arguments about
Minister of Finance's decision to tax stock options.
UK: Cooperatives pay big dividends, while it's commonly
held that employee-owned firms are uncompetitive !?
The press review is available
This is how much an employee holds in average, in shares
Lafarge 3.609 €
CimentsFrançais 63 €
Grupo ACS 878 €
ConsCoopConstr. 4.705 €
Bouygues 22.784 €
G.Ferrovial 38 €
PS 321 €
Hanson 1.032 €
Veidekke 22.553 €
UBS 87.000 €
Total 47.000 €
Novartis 48.000 €
Mondragon 54.000 €
DeutscheBank 61.000 €
SocGen 38.000 €
BNPParibas 30.000 €
CréditAgricole 48.000 €
AXA 27.000 €
Bouygues 23.000 €
needs more members.
Download EFES membership form
new on EFES website?
NEWS distribution: 80.000