Employees’ equity participation and staff initiatives
Looming or definite closure of a company must not necessarily mean the final word for the concerned production site. Especially in times of crisis, negative terms, such as bankruptcy or insolvency, prevent often the consideration of the chances for a new start or a continuation under new conditions.
Statement Prof. Dr. Klaus Kost
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Employees’ equity participation and staff initiatives
If an enterprise is getting into economic difficulties, sub departments often have to be closed or outsourced. However the possibility of establishing a “staff initiative” exists. They set themselves the goal to lead the enterprise or the concerned part of the enterprise in self-determination.
Staff initiatives respectively employees equity participation are agreed upon in cases where employees take the initiative to direct partly or completely the business otherwise threatened by closure. Under these circumstances, the employees contribute and take the entrepreneurial responsibility for the new phase of the undertaking.
Generally it is possible to cover the cost of the comprehensive operational consultation, which is executed by acknowledged specialists, through government grants. The allowance in case of primary consultation covers 80% in North Rhine-Westphalia and is oriented by the RWP program of non-investment activities for the strengthening of the competitiveness of small and medium enterprises.
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