EFES NEWSLETTER - APRIL 2017
share ownership should be a pivotal part of the Capital
Markets Union, - this is the position of the German
Share Institute (Deutsches Aktieninstitut
- DAI), responding to the public consultation organized
by the European Commission. The Capital Markets Union
(CMU) is a plan of the European Commission to mobilize
capital in Europe. "Employee share ownership helps
to stabilize the European economy as a whole" tells
the DAI. "Studies from the US clearly show that
companies offering their employees a stake of the business
capital create more jobs than companies that do not
have the same instruments in place. Employee shareholders
accumulate more assets for retirement purposes, get
better wages and are less likely to become unemployed
compared to other employees.
income of private households currently depends highly
on wages, employee shareowners benefit from raising capital
incomes, which decreases wealth inequality in the society."
for a European Action Plan
its response to the public consultation on the Capital
Markets Union, the European Federation of Employee Share
Ownership points out the fact that the EU is strongly
underdeveloped compared to the US considering employee
share ownership, which contributes much more to the
solidity and to the stability of capital markets in
the US than it does in Europe. The underdevelopment
of employee share ownership hampers also Europe in terms
of productivity, growth, job creation, as well as in
the fields of pensions or business transmission, especially
CMU Action Plan should face this through two new measures:
First, a dedicated European Action Plan should be set
up to promote European convergence in this field. Secondly,
the ignorance of the ESOP scheme is a dramatic handicap
for Europe, leading to the fact that employee ownership
in SMEs is practically unknown in Europe compared to the
US. The CMU Action Plan should remedy this. More
We have a selection of 29 remarkable articles in 8 countries
in March 2017: Austria, Finland, France, Germany, Italy, Poland,
Austria: New capital increase for Voestalpine employees.
Europe: Annual Economic Survey of Employee Share Ownership
in European Countries in 2016. French socialist Members of
the European Parilament calling for support for employee share
Finland: New employee share plan for Solteq.
France: Big change for Orange: For the first time,
employee shareholders' representatives to be (partly) elected,
- and the employee shareholders association won the election.
New employee share plans for Schneider Electric, for Sopra
Steria, for Total. Employees become majority shareholders
of GA Group. New stories from workers cooperatives.
Germany: Employee share ownership is growing in Europe.
Italy: Employee ownership in European countries.
Poland: Why employee share ownership has to be promoted
UK: New firm turning to the Employee Ownership
USA: Why business owners should consider ESOPs when
exiting their business.
The full press review is available
political roadmap for employee ownership in Europe
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