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Scaling up employee ownership is key to an equitable economic recovery

Expanding democratic ownership

A recent survey by the Employee Ownership Foundation and the Rutgers Institute for the Study of Employee Ownership and Profit Sharing shows that employee-owned firms during the current economic crisis have laid off fewer employees than comparable conventionally owned firms. Employee-owned firms were also less likely to reduce employees’ pay and hours and more likely to provide personal protective gear. Employee-owned firms that did not receive emergency government loans were actually three times more likely to retain employees than conventional firms receiving federal assistance.

Publication date: 2021-03-04
Parent publication: DNYUZ
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