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EFES NEWSLETTER - MARCH 2009
Eighth
European Meeting of Employee Ownership – Brussels, 18 May
The Eighth
European Meeting of Employee Ownership will be held in Egmont
Palace, in the center of Brussels on May 18, 2009. Registration
and practical information
Your country compared to others in 2008
Each European country can easily be compared to others
regarding employee ownership in 2008, thanks to a set of
ten graphs, using fully comparable information. Download
country files
Manifesto for the 2009 European Parliament Elections
Six proposals
and questions to all candidates. All answers and reactions
are published on the website. Yet a number of interesting
reactions from MEPs and others: Jean Lambert, Caroline Lucas,
Patrick Moulin, Glenis Willmott, Stephen Hughes, Brian Simpson,
Bernard Lehideux, Robert Goebbels, Frédéric Lefebvre and
others. Detailed information
Press
review
Much new information about employee ownership in February
2009, with 1.584 articles in this press review (on which
670 involving stock options and 325 about workers' cooperatives).
We made a selection of 44 remarkable articles in 12 countries:
Austria, Canada, France, Germany, India, Ireland, Italy,
Jamaica, Kenya, Netherlands, UK, USA.
Austria:
Capital increase for Voestalpine in order to further expand
its employee share ownership scheme.
Canada:
The employee-shareholders may have established the new model
for the pulp and paper industry, says Forests Minister.
France:
National debate: Which profit sharing? Which new social
deal? Which place for employee ownership? On the other hand,
with 30% held by 57.000 employees, employee ownership is
a pillar for Eiffage since its employee buyout in 1989.
Germany:
That's it !! Following the Bundestag, the Bundesrat has
also voted the new legislation for the promotion of employee
ownership, it can now come into force. Opel bailout: Employee
ownership could be a key-point.
India:
Do employee stock option plans make sense in economic meltdown?
Ireland:
Bank employees who have worked in the sector for a long
time have suffered huge losses as they were paid bank share
options and these share funds being now practically worthless.
Fears for job cuts in Eircom (35% employee-owned).
Italy:
A new unified legislation about employee share ownership
is now discussed in the Senate.
Netherlands:
A majority of workers at chip machinery maker ASML has rejected
company plans to delay paying their 13th month bonus and
replace it with share options.
UK:
Almost three-quarters of FTSE-100 companies' employee share
options are now underwater. Bankers are as much victims
of the financial crisis as their customers, according to
leading lawyers.
USA:
Employee ownership growing in popularity. The percentage
of workers receiving stock options in 2008 was unchanged
from previous years, which suggests that broad-based equity
plans, contrary to conventional wisdom, are not a relic
of the past… Newspapers crisis: Union to discuss possible
employee buyout in Seattle.
The press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2009/February.htm
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A
political roadmap for employee ownership in Europe
And
the European Commission?...
EFES
needs more members. Download
EFES membership form
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new on EFES website?
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