EFES NEWSLETTER - MAY 2011
new Economic Survey 2010 is now available for downloading.
It shows that employee ownership has continuously
progressed across Europe since the financial crisis.
The number of large companies that have employee ownership
was increasing (91.7%), as well as those having share
plans for all employees (53.7%) and those with stock
option plans (64.1%).
Remember 2008. Crisis. Panic. Howlings. "Employee
ownership is just going to die, let's forget that",
fault-finders said (even in Brussels). Now
here are facts.
the table of employee owners in some European countries
from 2007 to 2010 (in thousands people):
you YouTube? We do!
Our friends of the ESOP Association started a YouTube channel
recently (you can visit it here - http://www.youtube.com/user/ESOPAssoc)
and more videos will be added in the coming months. What
we really want to share with you are videos we found by
ESOP companies that provide a laugh, some thoughtful introspection
on being part of an ESOP company, and the benefits of being
employee owned. There are also a few policy based videos
as well that bring a different perspective to the viewing.
also here in Europe
Much new information about employee ownership in April 2011,
with 1.859 articles in this press review (on which 642 involving
stock options and 533 about workers' cooperatives). We made
a selection of 44 remarkable articles in 12 countries: Australia,
Botswana, Canada, France, Germany, Italy, Nigeria, South
Africa, Spain, Thailand, UK, USA.
Now there's a new great Australian dream.
Privatisation including employee share ownership for the
National Development Bank.
Tenth anniversary of becoming a workers' co-operative.
The association of Rhodia employee shareholders recommends
to its members to tender their shares for Solvay’s offer.
Dissatisfaction about the French transposition of the European
Shareholders' Rights Directive. New employee share plan
for Vinci. Unions asking for a dedicated employee share
plan at Verallia. 2010 was a successful year for the French
Employee shareholders questioning Siemens about nuclear
energy. Heinrich Beyer pleads for more employee ownership
in the Financial Times.
Questioning the dominant position of employee shareholders
in popular banks.
French oil giant, Total has closed subscription for its
new capital increase reserved for its over 100.000 employees
and retirees in the company's 120 host countries.
Africa: Black Economic Empowerment (BEE) will change
to award more points to broad-based and employee ownership
schemes. Jacob Zuma: "To broaden economic empowerment
to reach the masses of our people, we are encouraging various
forms of collective ownership of the economy such as employee
shareholding schemes, co-operatives and public ownership."
National agreement to promote employee ownership and participation
in Gipuzkoa. Mondragon refers itself to the German model.
Internal succession is the structure typically followed
by family-owned businesses. Ownership and management are
usually transferred to family members or to management through
a management buyout or an Employee Share Ownership Plan
The coalition government’s second Budget is billed as a
"Budget for growth", it is a good time for business
owners to consider employee shareholdings. More businesses
should boost workers’ happiness by modeling themselves on
department store giant John Lewis, says a think-tank. The
Mutuals Information Service, the government-backed advice
service for public sector workers looking to go for employee
ownership, has already received inquiries from some 230
Dozens of small businesses in Hawaii say their ESOPs and
other forms of employee ownership help lower taxes and increase
employee motivation. Research: How perception of employee
stock options affects performance. The Arab Spring and economic
justice: Diffusing capital ownership.
The full press review is available
political roadmap for employee ownership in Europe
EFES needs more members. Download the EFES membership form
new on the EFES website?
NEWS distribution: 200.000