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                      EFES NEWSLETTER - ENERO 2020 
                    
                       
                        | France: 
                           On the way for the 10% | 
                       
                     
                    
                       
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                            France decided last year to reach a 10% employee 
                            shareholding target in French economy by 2030.  
                            This basically means doubling the current level in 
                            large listed companies.  
                            On the other hand, everything remains to be done in 
                            French SMEs.  
                            Very ambitious objective! 
                            A working group of experts is now proposing the set 
                            of 13 "strong and disruptive" measures to 
                            reach the target. More 
                            details 
                             
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                    Press 
                      review 
                      We have a selection of 29 remarkable articles in 6 countries 
                      in December 2019: Australia, France,  Italy, Japan, United 
                      Kingdom, USA. 
                      Australia: Employee share ownership plans lead to 
                      increased productivity, improved engagement, better retention 
                      of staff and higher financial performance. 
                      France: Measures to be taken to reach the 10% employee 
                      shareholding target by 2030. 
                      New employee share plans for Axa, for EssilorLuxottica, 
                      for Spie. Employee share ownership in SMEs: Aquabio, StellaGroup, 
                      Synergy. End of the workers cooperative in Amneville Zoo. 
                       
                      Italy: Successful Employee share plan for EssilorLuxottica. 
                      The merger of PSA Group and Fiat Chrysler Automobiles 
                      opens new doors for employee share ownership in Italy. 
                      Japan: 
                      Unizo Hotels opt for employee buyout amid takeover battle. 
                      UK: New firms moving to the Employee Ownership Trust 
                      scheme. 
                      USA: Will employee ownership decrease wealth inequality? 
                      - Nuance response from Michael Keeling,  going back to the 
                      history of ESOPs in the US. Today the evidence is very strong 
                      that more and more current private company owners are cashing 
                      in their stock holdings by selling their stock to an ESOP... 
                      New Belgium Brewery: Employees approve sale to international 
                      conglomerate. New firms transferred to ESOPs. 
                       
                    La 
                      revista de prensa esta disponible en: 
                                http://www.efesonline.org/PRESS%20REVIEW/2019/December.htm   
                       
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