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EFES NEWSLETTER - NOVEMBER 2022

 The great wave of collective employee ownership in SMEs


The employee owners of Oliver & Co. Solicitors

The wave of business transfers to employees has accelerated since the beginning of the summer in Great Britain.

Each day that passes, a new SME is transferred to the employees, most often at 100%.

In October, among others in our press review, the cases of: JDDK Architects, Lyneal Group, Planit-IE, Linear Recruitment, Intec Systems, Dent Instrumentation, Medstrom Beds, Shedkm Architects, Oliver & Co. Solicitors (see photo), Your Equipment Solutions, NE Components, RJ Lifts Services.

Since the introduction of the Employee Ownership Trust, the milestone of 1,000 new companies sold and 75,000 new employee shareholders has been reached.

This will support the goal of having one million employee shareholders in UK SMEs by 2030.

Press review
We have a selection of 29 remarkable articles in 7 countries in October 2022: Australia, France, Italy, Poland, Romania, UK, USA.
Australia: How employee shares can revitalise workers and firms.
France: Save Scopelec, the largest workers' cooperative in France.
Italy: Industria Vetraria Valdarnese is one of the main and very few remaining glassworks that still produce in Italy.
Poland: Stock options plans have been growing in popularity for a dozen years.
Romania: A first ESOP Guide for Romania.
UK: Every day a new SME is transferred to employees. This month, among others, the cases of: JDDK Architects, Lyneal Group, Planit-IE, Linear Recruitment, Intec Systems, Dent Instrumentation, Medstrom Beds, Shedkm Architects, Oliver & Co. Solicitors, Your Equipment Solutions, NE Components, RJ Lifts Services.
USA: KKR 2021 Sustainability Report: Employee Ownership at Work. Experts predict "the decade of employee ownership". There are many forms of employee ownership.

The full press review is available on:
              http://www.efesonline.org/PRESS REVIEW/2022/October.htm 

 


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   With best regards

 

 
 

Marc Mathieu
Secretary General
EFES - EUROPEAN FEDERATION OF EMPLOYEE SHARE OWNERSHIP
FEAS - FEDERATION EUROPEENNE DE L'ACTIONNARIAT SALARIE
Avenue Voltaire 135, B-1030 Brussels
Tel: +32 (0)2 242 64 30 - Fax: +32 (0)2 791 96 00
E-mail: efes@efesonline.org
Web site: www.efesonline.org
EFES' objective is to act as the umbrella organization of employee owners, companies and all persons, trade unions, experts, researchers, institutions looking to promote employee share ownership and participation in Europe.