EFES HÍREK - 2020. MÁJUS
against the crisis
employee share ownership
fund to help companies
To save companies with cashflow problems or under threat
of bankruptcy from the pandemic, forms of State aid
are multiplying: allowances, subsidies, loans, equity
investments or even nationalisation. All are ultimately
aimed at existing shareholders.
the same cost, part or even all of this State funding
could be directed to helping employees become shareholders
in their businesses. Companies wishing to do so could
set up an employee share ownership fund, to acquire
10%, 20% or even 100% of the shares.
employee ownership model to be used is the ESOP model
introduced in the United States as long ago as 1974.
It was invented particularly for SMEs. It is still almost
unknown in Europe, it is very different from what we
know over here. However, it can be implemented in all
European countries on the basis of existing legislation,
by simply adapting it case by case in the finer points...
new "Annual Economic Survey of Employee Share Ownership
in European Countries" is just released
have a selection of 23 remarkable articles in 10 countries
in April 2020: Belgium, Canada, France, Germany, Israel, Italy,
Japan, Spain, UK, USA.
Belgium: Focus on employee share ownership for EH21
Canada: Higher concentration of employee ownership
among engineering firms compared with other business sectors,
like in many other countries.
France: Vinci's 100.000 employees in France become
Group shareholders. New employee share plans for Safran and
for Eiffage. Further progress last year for employee share
ownership in Europe.
Germany: New calls for legislation of employee share
ownership for startups.
Israel: Recent ESOP tax developments in Israel.
Italy: Employee share ownership to counter the crisis
Japan: New trust-type employee stock ownership plan.
UK: New employee ownership trusts. John Lewis closes
stores and cuts staff bonus to 67-year low as profits plunge.
USA: European startups welcome proposals from the European
Commission aimed at a new EU industrial strategy, with
an invitation for Member States to sign up to a “Startup Nations
Standard” which would aim to promote best practices to support
startups, such as favourable employee stock-options.
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