Employee Ownership Shows Its Dramatic Impact on Job Stability—Again - Smlr_net

29 Oct 2020


      *SMLR-Net, the source of selected news on labor and employment relations
and Human resource management*
Title:   Employee Ownership Shows Its Dramatic Impact on Job Stability—Again
*Author:*   Steve Dubb
*Source:*   Nonprofit Quarterly
*Date:*    Oct 26, 2020
*Summary*:   In 2010, amid the Great Recession
https://www.nceo.org/assets/pdf/articles/Employee-Ownership-and-Unemployment-2015.pdf,
12.1 percent of private sector employees reported being laid off; by
contrast, 2.6 percent of private sector employees working in employee-owned
firms or employee stock ownership plan (ESOP) companies were laid off. The
savings in terms of reduced federal government costs: a cool $37 billion—to
say nothing of the social and economic benefits for millions of people’s
lives.
*Link:   *https://bit.ly/34zAsCh
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