Annual Survey of Employee Ownership in European Countries in 2016
Employee share ownership is growing across Europe. The ownership stake held by employees in large European companies has never been so high before, with 3.20% in 2016 compared to 2.48% in 2006. This growing average means that, even among largest European companies, the employees' ownership stake is significant, strategic or even controlling in many cases.
Among these companies, the employees' ownership stake was "significant" in 1.220 or 52% of them (employees holding 1% or more), it was "strategic" in 464 or 20% of them (employees holding 6% or more) and it was "controlling" in 266 or 11% of them (employees holding 20% or more). These figures are considerable.
Many remarkable cases can be pointed out among European companies, even the largest, considering employee ownership. For instance Voestalpine - steel industry in Austria - with 48.000 employees holding 14.5% or 721 million € in 2016, Saint-Gobain - building materials in France - with 170.000 employees holding 8.1% or 1.788 million €, Veidekke - heavy construction in Norway - with 7.000 employees holding 15.4% or 241 million €, Svenska Handelsbanken in Sweden with 12.000 employees holding 10.3% or 2.082 million €, Mondragon Corporación - multisectoral in Spain, with 74.000 employees holding 89.9% or 4.026 million €, Siemens in electronics in Germany with 348.000 employees holding 3.1% or 2.532 million €, Prysmian in wire and cable industry in Italy with 19.000 employees holding 2.5% or 115 million € in 2016.
In most of these companies, employee ownership is the result of employee share plans with some common characteristics: They are for all employees, on voluntary base, price discount and fiscal support, annually offered, and having to cope with different rules and tax legislation in each European country. Representation and participation in corporate governance is even more complicated and it can be found mainly in those countries where it is foreseen in dedicated legislation.
Marc Mathieu, Secretary General of the EFES said: "Voestalpine is certainly one of the most remarkable cases in Europe considering employee ownership and participation in corporate governance."
The new Annual Survey will be available on the EFES website on www.efesonline.org. The detailed publication is based on the unique database of employee share ownership, gathering all official information published by European companies.
The European Federation of Employee Share Ownership (EFES) is 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.
EFES - European Federation of Employee Share Ownership
FEAS - Fédération Européenne de l'Actionnariat Salarié
Avenue Voltaire 135, B-1030 Brussels
Tel: +32 (0)2 242 64 30 - Fax: +32 (0)2 808 30 33
Web site: www.efesonline.org
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Annual Survey of Employee Ownership in European Countries in 2016 here
News-ID: 459766 • Views: 346
More Releases from European Federation of Employee Share Ownership
Barometer of Employee Ownership Policies in European Countries - June 2017
The European Federation of Employee Share Ownership (EFES) releases the new edition of its "Barometer of Employee Share Ownership Policies in European Countries". Eighteen European countries now have policies for the promotion and development of employee ownership. This number had never been higher before. Except in France, all recent policy developments in Europe pave the way towards higher incentives for employee ownership. Norway doubled fiscal incentives on 1.1.2017. Poland prepares dedicated
Barometer of Employee Ownership Policies in European Countries
December 7, 2016 For immediate release: Barometer of Employee Ownership Policies in European Countries The European Federation of Employee Share Ownership (EFES) will release the new edition of its "Barometer of Employee Share Ownership Policies in European Countries" on December 8. The mass development of employee share ownership brings better motivation and results, higher growth, more and better jobs. This is good for all. But it depends on policy will to initiate the virtuous
First Barometer of Employee Share Ownership Policies in European Countries
June 8, 2016 For immediate release: First Barometer of Employee Share Ownership Policies in European Countries The European Federation of Employee Share Ownership (EFES), the voice of employee share ownership in Europe, will release the first "Barometer of Employee Share Ownership Policies in European Countries" on June 9. The mass development of employee share ownership brings better motivation, productivity, profitability, higher growth, more and better jobs. This is good for all. But it depends on
Annual Survey of Employee Share Ownership in Europe in 2015
March 2, 2016 For immediate release: Annual Survey of Employee Share Ownership in Europe in 2015 The European Federation of Employee Share Ownership (EFES), the voice of employee share ownership in Europe, will release the new "Annual Economic Survey of Employee Share Ownership in European Countries" on March 3. Assets held by the 8 million employee shareholders in Europe in 2015 were never so high before: 370 billion Euro and more than 3% of
More Releases for Euro
Euro Ophthalmology 2019
The 2nd European Congress on Ophthalmology going to be held amid March 21-22, 2018 at Amsterdam, The Netherlands, which unites a one of a kind and worldwide blend of substantial and medium pharmaceutical, biotech and symptomatic or diagnostic organizations, leading universities and clinical research companies making the meeting an ideal stage to share understanding, encourage coordinated efforts crosswise over industry and the scholarly community, and assess rising advancements over the
Euro Surgical Pathology 2018
Rome, Italy welcomes you all to share Medical Knowledge and Experience at our upcoming "14th International Conference on Surgical Pathology and Cancer Diagnosis, May 17-18, 2018. Some of the main sessions "to-be-covered" are • Surgical Pathology and Diagnosis • Cancer Pathology • Breast Pathology • Gynecologic Pathology • Gastrointestinal and Liver Pathology • Neuro Surgery and Pathology • Oral and Maxillofacial Pathology • Dermatopathology • Genitourinary Pathology • Cytopathology & many more! Holiday Inn Rome - Aurelia Via Aurelia Km 8,400 00163 Roma Italy
20th Euro Congress on Psychiatrists and Psychologists
Theme: Achieving mental wellness by understanding human mind through Psychiatric approaches Description: Euro Psychiatrists 2017 (CME Accredited Event) will provide an opportunity for all stakeholders working on mental health issues to talk about their work. Euro Psychiatrists 2017 will congregate renowned speakers, principal investigators, experts, psychiatrist and researchers from both academia and health care industry will join together to discuss their views and research. Conference highlights 1. Psychiatry 2. Psychology 3. Child and Adolescent Psychology 4. Psychosis And Adverse
17th Euro Biotechnology Congress
Conference Series LLC extends its warm welcome to 17th Euro Biotechnology Congress during September 25-27, 2017 at Berlin, Germany with a theme “Novel Trends and Innovations in Biotechnology for Making Life Better”. Conference Series LLC through its Open Access Initiative is committed to make genuine and reliable contributions to the scientific community. Scope and Importance Euro Biotechnology Conference aims to bring together the Professors, Researchers, scientists, business giants, and technocrats to provide
Euro Façade Tech Glazing Systems
Virtually any type of glazing system can be used with structural glass facades. Check out the options with Euro Façade Tech. FRAMED Framed systems support the glass continuously along two or four sides. There are many variations of framed systems, most of which fall into two general categories. Conventional unitized curtainwall systems are seldom used with structural glass facades. STICK Stick-built glass facades are a method of curtainwall construction where much of the fabrication
Traveltext's alternative Euro 2016
You don’t even have to be a sports fan to know that this summer, the England football team will be heading off to the latest major international tournament with the hopes of a nation resting on the shoulders of the likes of Wayne Rooney, Jamie Vardy and Dele Alli. The fact that the tournament has expanded this year to include no fewer than 24 nations means that the eyes of Europe