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EFES NEWSLETTER - JANUARY 2015
Warning
signal
For the third consecutive year in 2014, the number of employee
shareholders decreased in Europe. This should be a warning
signal for everyone. In fact, the number of employee shareholders
in continental Europe decreased by 500.000 persons (-8%) from
2011 to 2014, while the number increased by 200.000 persons
in the UK (+8%). These changes are clearly related to the
regressive fiscal policies in many European countries, while
in contrast, the UK chose to double the fiscal incentives
for employee share ownership, considering it is a key element
of recovery and an investment for the future. This is the
first information from our annual census of employee ownership
in European companies. More
information
Press
review
We have a selection of 31 remarkable articles in 7 countries
in December 2014: France, Italy, Norway, South Africa, Spain,
UK, USA.
France: Political confusion: Most government's decisions
in recent years were negative, cutting fiscal incentives,
removing the legislation which reserved a 10% stake for employees
in case of privatisation, - "they demolish employee
share ownership in France". A new proposed legislation
("Loi Macron") will offer new incentives
to promote employee share ownership in France through stock
options (for startups) and free share grants. New employee
share plans for AXA, for Vallourec, for Quadrimex, for Mie
Câline. Employees fighting decisions to cut employee share
plans in Société Générale, in Easyjet. Some typical workers'
cooperatives and in France: Macoretz, Guérin-Brémaud, Buroform.
Italy: New employee share plans for Italian banks?
Norway: Employee purchase program for Aker Solutions.
South Africa: Employee share ownership scheme for Impala
Platinum.
Spain: Final phase for changes in the legislation on
employee-owned companies ("sociedades laborales").
UK: Companies turning to employee-owned businesses,
based on the new Employee Ownership Trust model.
USA: His pioneering model of employee ownership helped
make Science Applications International Corporation (SAIC)
a defense-industry giant: SAIC founder John Robert Beyster
died on December 22.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2014/December.htm
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