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Czech Republic
Other than in many eastern european countries, employee financial participation, even as a consequence of privatization, is poorly developed in The Czech Republic. Employee ownership, as a form of employee financial participation, enjoyed no special treatment in the privatization process and, as a consequence, does not play a significant part in the ownership structure of the Czech economy. Also both cash-based profit sharing and share-based profit sharing are rarely implemented in practice. Cooperatives are the only employee participation models in practice, but as their share in the total industrial production was in 2003 of only 0.6%, they do not play a major role either.
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