Buzz People

The firms turning their workers into owners

In the past few weeks a few employees have suddenly found they didn't just work for their company, they owned a bit of it too.
The owner and founder of Richer Sounds, Julian Richer, used a special trust to give his 500 staff a 60% stake in the business and a £3.5m handout.
Engineering company Weir is giving all 15,000 staff £300 each in shares this year and next.
Meanwhile telecoms group BT has said it will distribute £50m of shares between staff annually starting in 2020.
All this generosity may come as a bit of a shock in our dog-eat-dog world of corporate capitalism.
But aficionados of employee ownership say it makes perfect business sense.
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