wednesday1 Posted October 8, 2012 Share Posted October 8, 2012 This is yet another crackpot, ill-thought out scheme by this poor excuse for a Chancellor. Why can't the employees just have the shares without the punitive measures of giving up hard-fought for rights. If this means workers will work harder because they own part of the company, this in itself should make the business more competitive. Will the directors of these companies who will be presiding over more profitable businesses, be forgoing any of their rights I wonder? Link to comment Share on other sites More sharing options...
I1L2T3 Posted October 8, 2012 Share Posted October 8, 2012 One thing confirmed at least. George Osborne really is stark raving bonkers. Link to comment Share on other sites More sharing options...
tinfoilhat Posted October 8, 2012 Share Posted October 8, 2012 This is yet another crackpot, ill-thought out scheme by this poor excuse for a Chancellor. Why can't the employees just have the shares without the punitive measures of giving up hard-fought for rights. If this means workers will work harder because they own part of the company, this in itself should make the business more competitive. Will the directors of these companies who will be presiding over more profitable businesses, be forgoing any of their rights I wonder? There's a fair chance that if its a small business, directors gave up those rights years ago !! That said its still a crackpot idea though. Link to comment Share on other sites More sharing options...
green Posted October 8, 2012 Share Posted October 8, 2012 Osborne said : Businesses will be allowed to remove "gold-plated employment rights" in exchange for handing out shares to employees which will be exempt from tax, George Osborne has said. And... "Workers: replace your old rights of unfair dismissal and redundancy with new rights of ownership. And what will the government do? We will charge no capital gains tax at all on the profit you make on your shares. Zero percent capital gains tax for these new employee-owners. Get shares and become owners of the company you work for. Owners, workers and the taxman, all in it together. Workers of the world unite." He's actually laughing at us now. He's taking the.... Link to comment Share on other sites More sharing options...
Allen Posted October 9, 2012 Share Posted October 9, 2012 He's actually laughing at us now. He's taking the.... Just say it man! He's taking the ****! Link to comment Share on other sites More sharing options...
Drone Posted October 9, 2012 Share Posted October 9, 2012 Vote labour and get them out, all they done is get rich of the poor, that's all and they have the cheek to blame us Link to comment Share on other sites More sharing options...
Rupert_Baehr Posted October 9, 2012 Share Posted October 9, 2012 Let's look at it another way: If you had a few bob you didn't need, would you consider investing it in a company which might need help? Would you invest it in a company where the workers didn't think the company was worth them investing in it? What 'rights' (be specific) are the workers having to forego to get these shares? Many years ago, I worked (in a lowly position) for a major company. The company had been 'threatened' with unionisation. They didn't like that - so they came up with an alternative. A 'workers council' with 2 people from each pay grade (and it was 2 from each, not 2 from the peons and 10 from the bosses.) The council would discuss all complaints and the council would decide. The decision would be binding on everybody. We had a vote and the proposal was passed with about 70% voting for the agreement. The result? - an Immediate 5% pay raise and a share option. I wish I still had those shares. - That company (which had made its money from TCP - cheap, cheerful and immensely profitable) invented Viagra. Link to comment Share on other sites More sharing options...
barleycorn Posted October 9, 2012 Share Posted October 9, 2012 That would still apply, if the employees work hard the employers business does well and the shares increase in value, and because the business is doing well you have better job security. If the employees are lazy then the employers business does poorly and the share price falls, ultimately the business fails and no amount of employee’s right will save their jobs. Here's an idea, if workers work hard and the business does well then give them a bonus, they can even give the bonus in share. If the workers are lazy then sack them. There is absolutely no need for workers to forgo any of their rights in to be motivated to do their job. jb Link to comment Share on other sites More sharing options...
Mecky Posted October 9, 2012 Share Posted October 9, 2012 Would you sell your employment rights for shares? Don't be silly Link to comment Share on other sites More sharing options...
alchresearch Posted October 9, 2012 Share Posted October 9, 2012 The OP's link just seems to focus on the negatives. Surely someone has suggested this to the Chancellor and outlined the positives? If so, who did and what are they? Other than Rupert_Baehr's post I've not seen anything in the news about such benefits. Link to comment Share on other sites More sharing options...
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