EFES NEWSLETTER - JUNE 2009
Members of the European Parliament
150 Members of the European Parliament and candidates from
all political parties answered our Manifesto for the European
elections. The last ten years saw a strong development of
employee ownership in European companies. Strangely, this
happened while a European policy for the promotion and the
development of employee ownership was completely lacking.
It is time to reconsider things and to relaunch a real European
policy. This is a role for the new European Parliament.
Employee ownership or not employee ownership in
the auto industry
For the first time Washington is looking to employee ownership
in a unique form at Chrysler -- employees will have a stake
in the company. However, what is it really? Employee ownership
or not employee ownership? The United Auto Workers union
will own 55% of Chrysler. What future for a union-controlled
industry? Which place for employee ownership in the auto
industry bailout? Same question for German unions and Opel
in Europe. Detailed information
Much new information about employee ownership in May
2009, with 1.309 articles in this press review (on which
480 involving stock options and 277 about workers' cooperatives).
We made a selection of 62 remarkable articles in 10 countries:
Australia, Canada, France, Germany, Ireland, Italy, Morocco,
Thailand, United Kingdom, USA.
Australia: Budget chaos for employee share schemes.
For budgetary reasons, the new government decided suddenly
to ax the tax concessions for employee share ownership.
However, they had to go back thanks mainly to pressure from
trade unions and also advocacy groups and tax experts.
Canada: Success story for the worker shareholder
cooperatives in 70 companies in Quebec.
France: Employee share ownership held back by the
crisis? Employee share ownership resists to the crisis?
What's wrong? Who's right? New employee share plan for CapGemini,
for Veolia. Employee shareholders express their votes in
Germany: Due to the crisis, workers are changing
to workers owners. A bit too fast ?
Ireland: Eircom's serial continuing.
Italy: It is time for participation and employee
share ownership. Discussions accelerating, Minister Sacconi
UK: To arms! Employee shareholders expected to vote
USA: Rescuing newspapers companies through employee
ownership. Which place for employee ownership in the auto
industry bailout? Employee ownership or not employee ownership?
What future for a union-controlled industry? Why the United
Auto Workers union should not own 55% of Chrysler?
The full press review is available
political roadmap for employee ownership in Europe
the European Commission?...
needs more members. Download EFES membership form
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NEWS distribution: 125.000