European Parliament adopts resolution on employee financial participation
Following the approval of a draft report (see WP News Bulletin 2/2013), on 14 January 2014 the European Parliament adopted a resolution on employees’ financial participation (EFP) in companies’ profits. The resolution highlights the potential of EFP to ‘bring stability, development and growth while reducing risks of over-expansion leading to job losses’, especially if these effects were ‘enhanced by stable and functioning worker involvement institutions’.
The Parliament is now encouraging the European Commission to present an independent impact assessment of a European EFP regime. Moreover, it has suggested that a set of basic guidelines be developed for successful EFP schemes.
- Resolution on employees’ financial participation (EFP) in companies’ profits (Link to EP Website)