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Just in case you thought the Tories were only targetting those on benefits...
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Workers are to be encouraged to sacrifice their employment rights in return for free shares in their company, George Osborne announced today.
In his speech to the Conservative Party conference the Chancellor said that employees could benefit from between £2,000 and £50,000 of shares in the business that they work for.
But in return they would have to give up their rights to unfair dismissal, redundancy and flexible working.
Mr Osborne’s aides said while the plan would be optional for existing workers – future employee could be forced to become “employee owners” as a condition of getting the job in the first place.
While the move is likely to appeal to business who have long lobbied the Government for more flexible employment laws it will infuriate the unions who will see it as part of slippery slope to eroding employment rights.
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So if you're out of work you're shafted, and if you manage to get a job (guess what?) - you're shafted!
In his speech to the Conservative Party conference the Chancellor said that employees could benefit from between £2,000 and £50,000 of shares in the business that they work for.
But in return they would have to give up their rights to unfair dismissal, redundancy and flexible working.
Mr Osborne’s aides said while the plan would be optional for existing workers – future employee could be forced to become “employee owners” as a condition of getting the job in the first place.
While the move is likely to appeal to business who have long lobbied the Government for more flexible employment laws it will infuriate the unions who will see it as part of slippery slope to eroding employment rights.
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So if you're out of work you're shafted, and if you manage to get a job (guess what?) - you're shafted!
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Another ludicrous idea which I hope will be grounded. Although the worrying thing is it is a logical move from a govt which has seemed for some time hellbent on tearing up employment legislation. What about companies who already run such schemes? What if a company is doing poorly and its shares also? So you get made redundant with no rights as an employee and a pack of worthless shares?
This has a whiff of bribery about it and the reaction even from small businesses that I've heard seems less than favourable.
This has a whiff of bribery about it and the reaction even from small businesses that I've heard seems less than favourable.
So I assume if you join the scheme you tear up your union card. But what if your company is 100% unionised....not too difficult...many of the print unions insist on this. You will have 2 masters!
The scheme is obviously designed to take the power away from the unions. But many companies use union rates to decide your pay.
The scheme is obviously designed to take the power away from the unions. But many companies use union rates to decide your pay.
>Aren't all John Lewis employees shareholders, they seem pretty happy with the situation.
They are not shreholders because John Lewis does not issue shares.
John Lewis is owned by all its employees and they are called "stakeholders".
If John Lewis makes a profit then every year the employees share out some of the profits, which can be as high as 15% of their salary or more a year.
They are not shreholders because John Lewis does not issue shares.
John Lewis is owned by all its employees and they are called "stakeholders".
If John Lewis makes a profit then every year the employees share out some of the profits, which can be as high as 15% of their salary or more a year.
The problem with this is it's meant to be optional but it almost certainly wont be for new employees - it will be part of the job offer.
It's particularly an issue for women wanting a familly.
When my wife wanted to return to work after having our first child the MD (No less) wrote a letter saying "sorry we've given your job to someone else"
We sued his arse!
Under this we'd have had no rights at all
A real backwards step for women in the workplace I'd say!
It's particularly an issue for women wanting a familly.
When my wife wanted to return to work after having our first child the MD (No less) wrote a letter saying "sorry we've given your job to someone else"
We sued his arse!
Under this we'd have had no rights at all
A real backwards step for women in the workplace I'd say!
It sounds like a soundbite kite flying exercise to me, and a bad one at that. People should think long and hard before giving up hard-won employment rights.
Given Andrew Mitchells recent characterisations of police as "plebs", it is difficult not to conclude, with the kiting of this initiative, that the tory high command think that the majority of the electorate should be cowed worker drones, thankful for work at any price, whose pockets can be dipped into anytime the top 1% decide they need a little more relief from their onerous tax burden....
Given Andrew Mitchells recent characterisations of police as "plebs", it is difficult not to conclude, with the kiting of this initiative, that the tory high command think that the majority of the electorate should be cowed worker drones, thankful for work at any price, whose pockets can be dipped into anytime the top 1% decide they need a little more relief from their onerous tax burden....
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