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EFES NEWSLETTER - MAY 2017
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half as many layoffs |
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Companies
with employee stock ownership had only half as many
layoffs as other companies during the last two recessions.
A new study co-authored by Rutgers School of Management
and Professor Douglas Kruse establishes the first conclusive
link between broad-based employee stock ownership and
increased employment stability in the USA.
"If good-paying, stable jobs are the economy’s
goal, then encouraging employee stock ownership in companies
makes a lot of sense," said Douglas Kruse.
"Employee ownership is often seen primarily as
a way to improve employee relations and increase productivity,
but these results show there is an important add-on
effect on job stability".
More information
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Press
review
We have a selection of 25 remarkable articles in 9 countries
in April 2017: Australia, Austria, Finland, France, Germany,
Italy, South Africa, UK, USA.
Australia: Employee ownership is beginning to take
off in Australia.
Austria: Income tax exemption on employee share plans
increased from 1.460 to 3.000 € per year in 2016; Minister
of Finance Schelling plans to double it again to 6.000€.
Finland: New employee share plan for Nixun.
France: Employees become majority shareholders of GA
Group. A picture of workers cooperatives in France. Eleven
proposals from the French Federation of Employee Shareholders
Associations to promote employee ownership.
Germany: Why employee share ownership should be encouraged
in Germany. Employee share ownership and pension savings are
not in competition.
Italy: Assonline wants to shorten the distance that
still separates employee ownership in Italy compared to the
rest of Europe.
South Africa: Black Mountain Mining has established
an employee share ownership plan through consultation between
mine management and the National Union of Mineworkers.
UK: The fall of Anton Group.
USA: For more than a decade, equity compensation where
average employees get to own shares of the companies they
work for through restricted stock or stock options has declined
dramatically in many large publicly-traded corporations. Companies
with employee stock ownership had only half as many layoffs
as other companies during the last two recessions. Now firms
turning to ESOPs.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2017/April.htm
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A
political roadmap for employee ownership in Europe
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