Employee Ownership doesn’t mean reducing workers rights
October 2012
Monday 8 October -
EOA/PR/081012
Commenting on today’s announcement that employees will be encouraged to exchange workplace rights for shares and company equity, made by Chancellor Rt Hon George Osborne MP at the Conservative Party annual Conference in Birmingham, Employee Ownership Association Chief Executive Iain Hasdell said:
“We welcome this latest contribution to the debate on employee ownership, but whilst growing employee ownership should be part of the UK’s Industrial Policy, such growth does not require a dilution of the rights and working conditions of employees – indeed employee ownership often enhances them.
“Ownership matters. Employee ownership, creating businesses whose employees have significant ownership and involvement, offers a brilliant mechanism to spread business ownership from the few to the many whilst increasing productivity and innovation.”
New research shows that job security, job satisfaction, and productivity are significantly higher in employee owned businesses compared to traditional companies surveyed by the national Workplace Employee Relations Survey.
Commenting on today’s announcement that employees will be encouraged to exchange workplace rights for shares and company equity, made by Chancellor Rt Hon George Osborne MP at the Conservative Party annual Conference in Birmingham, Employee Ownership Association Chief Executive Iain Hasdell said:
“We welcome this latest contribution to the debate on employee ownership, but whilst growing employee ownership should be part of the UK’s Industrial Policy, such growth does not require a dilution of the rights and working conditions of employees – indeed employee ownership often enhances them.
“Ownership matters. Employee ownership, creating businesses whose employees have significant ownership and involvement, offers a brilliant mechanism to spread business ownership from the few to the many whilst increasing productivity and innovation.”
New research shows that job security, job satisfaction, and productivity are significantly higher in employee owned businesses compared to traditional companies surveyed by the national Workplace Employee Relations Survey.
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