ChatterBank0 min ago
Just in case you thought the Tories were only targetting those on benefits...
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Workers are to be encouraged to sacrifice their employment rights in return for free shares in their company, George Osborne announced today.
In his speech to the Conservative Party conference the Chancellor said that employees could benefit from between £2,000 and £50,000 of shares in the business that they work for.
But in return they would have to give up their rights to unfair dismissal, redundancy and flexible working.
Mr Osborne’s aides said while the plan would be optional for existing workers – future employee could be forced to become “employee owners” as a condition of getting the job in the first place.
While the move is likely to appeal to business who have long lobbied the Government for more flexible employment laws it will infuriate the unions who will see it as part of slippery slope to eroding employment rights.
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So if you're out of work you're shafted, and if you manage to get a job (guess what?) - you're shafted!
In his speech to the Conservative Party conference the Chancellor said that employees could benefit from between £2,000 and £50,000 of shares in the business that they work for.
But in return they would have to give up their rights to unfair dismissal, redundancy and flexible working.
Mr Osborne’s aides said while the plan would be optional for existing workers – future employee could be forced to become “employee owners” as a condition of getting the job in the first place.
While the move is likely to appeal to business who have long lobbied the Government for more flexible employment laws it will infuriate the unions who will see it as part of slippery slope to eroding employment rights.
http://
So if you're out of work you're shafted, and if you manage to get a job (guess what?) - you're shafted!
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Some employers could use this to their advantage The employees could be given share options that vest at a future date (say 5 years).
After 4 years and 11 months the employee could be fired, and remember they agreed to having reduced employment rights, and therefore would not be an employee when the share options vesting date arrived saving the company lots of dosh.
After 4 years and 11 months the employee could be fired, and remember they agreed to having reduced employment rights, and therefore would not be an employee when the share options vesting date arrived saving the company lots of dosh.
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