Activities of Emilian PAVEL related to 2018/2053(INI)
Shadow reports (1)
REPORT on the role of employee financial participation in creating jobs and reactivating the unemployed PDF (300 KB) DOC (65 KB)
Amendments (33)
Amendment 3 #
Motion for a resolution
Recital B
Recital B
B. whereas the most appropriate EFP model must be carefully chosen by the individual company and its workers taking due account of the wider national and sectorial context, and will mostly depend on the size, activity and status of the company, especially if it is listed;
Amendment 6 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
Ba. whereas EFP is affected by national taxation rules, and whereas it is not appropriate to develop a comprehensive ‘one size fits all’ model for EFP at EU level;
Amendment 8 #
Motion for a resolution
Recital B b (new)
Recital B b (new)
Bb. whereas financial participation should not be used to avoid compliance with labour law, or as a means of reducing acquired social and labour rights or applying pressure to increase labour market flexibility;
Amendment 10 #
Motion for a resolution
Recital C
Recital C
C. whereas ESOPs are commonly preferred by employees, becausein the case of ESOPs the intermediate entity used can exercise voting rights or other forms of governance on behalf of employees;
Amendment 11 #
Motion for a resolution
Recital D
Recital D
D. whereas EFP schemes involving workers in consultation and decision- making have benefits for the companboth employees and the company especially in terms of sustainable governance, social dialogue and other aspects such as recruitment, retention, absenteeism, motivation and skills development, as well as competitiveness and profitability;
Amendment 15 #
Motion for a resolution
Recital D a (new)
Recital D a (new)
Da. whereas EFP schemes can play a significant role in additionally involving workers in information, consultation and decision-making processes during restructuring;
Amendment 16 #
Motion for a resolution
Recital D b (new)
Recital D b (new)
Db. whereas employee participation in management through voting rights, the right to be present or other forms of governance can improve management and the flow of information and help employees to have a better understanding of the situation when their company faces challenges and a greater ability to access rewards when the company is doing well;
Amendment 18 #
Motion for a resolution
Recital D c (new)
Recital D c (new)
Dc. whereas workers’ financial participation in their company can contribute to improvements in employees’ job satisfaction and overall performance and motivation; whereas it can also encourage employees to develop a sense of ownership as well as enhance mutual respect between employers and employees;
Amendment 21 #
Motion for a resolution
Recital E
Recital E
E. whereas EFP schemes could have positive impacts on the economy of Member States by supporting SMEs and the job market, and by enabling employees to find opportunities in their home country;
Amendment 24 #
Motion for a resolution
Recital F
Recital F
F. whereas EFP, if paired with proper training and information, can contribute to overcoming widespread reluctance among retail investors to invest their savings in shares owing to a lack of knowledge about its benefits and risks;
Amendment 26 #
Motion for a resolution
Recital F a (new)
Recital F a (new)
Fa. whereas employees need to be aware that any form of investment is subject to the risk of losing the entire investment, as well as that in the case of the company’s bankruptcy, they would be faced with double economic loss;
Amendment 28 #
Motion for a resolution
Recital F b (new)
Recital F b (new)
Fb. whereas through EFP, enhanced social dialogue and strategic decision making, employers might invest in development opportunities for their workforce, thus contributing to the fight against social exclusion and ensuring a high level of training;
Amendment 32 #
Motion for a resolution
Recital G
Recital G
G. whereas by involving employees in the decision making process, EFP can help SMEs with respect to business continuity by addressing company succession problems;
Amendment 33 #
Motion for a resolution
Recital H
Recital H
Amendment 38 #
Motion for a resolution
Recital I
Recital I
I. whereas an ESOP iscan be an example of an effective employee buy-out model for non-listed companies in whichf the buy-out process is managed by an intermediate entity and that acquires the shares for the employees, protecting them from additional risks;
Amendment 40 #
Motion for a resolution
Recital I a (new)
Recital I a (new)
Ia. whereas if employees obtain from their company’s owners a priority buy-out right, they may seek to safeguard their own jobs and this procedure may reduce uncertainty about their continued employment when there is the possibility of buyouts by other companies;
Amendment 46 #
Motion for a resolution
Recital K
Recital K
K. whereas participation in the EFP should remain voluntary for employees, while not affecting their mobility or their rights to take collective action;
Amendment 49 #
Motion for a resolution
Recital M
Recital M
M. whereas proactive employment policies such as support for genuine self- employment and regular and social entrepreneurship are critical tools for the reintegration of the unemployed into the labour market, in line with the European Entrepreneurship Action Plan adopted in January 2013;
Amendment 58 #
Motion for a resolution
Recital Q
Recital Q
Q. whereas EU guidelines for EFP will help Member States develop EFP schemes throughout Europe, potentially leading to the benefits mentioned above;
Amendment 60 #
Motion for a resolution
Recital Q a (new)
Recital Q a (new)
Qa. whereas a set of basic guidelines could achieve public confidence and help EFP deliver on its objectives;
Amendment 63 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Calls on the Commission to consider appropriate measures to encourage Member States and companies that show an interest in EFP to develop and offer EFP schemes; for the benefit and in the interest of both employees and companies;
Amendment 65 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Calls on the Member States to provide incentives, in line with best practice principles, when promoting employee ownership schemes among companies and employees while supporting the highest standards of social protection for the employees and safeguarding their right to collective action;
Amendment 68 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Calls on the Commission to implement the “five point action plan” included in the final report of the pilot project for the promotion of employee ownership and participation from 2014;
Amendment 71 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Highlights the importance of EFP schemes being designed in such a way that they protect employees' investment;
Amendment 75 #
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Notes that a framework for a European model of employee ownership should not override national taxation or social security rules;
Amendment 78 #
Motion for a resolution
Paragraph 6
Paragraph 6
Amendment 82 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Underlines the need to ensure that EFP guarantees the right of employees to take part in company decision making;
Amendment 85 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Calls on the Commission and the Member States to promote financial education with respect to retail and equities investment in order to empower EU citizensin order to empower EU citizens and raise awareness about the implications of EFP;
Amendment 95 #
Motion for a resolution
Paragraph 10
Paragraph 10
Amendment 100 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Recalls that the decision to join EFP schemes should be based on the informed consent of an employee, fully aware of his or her entitlements, obligations and risks, of the situation of the company and of the taxation effects when joining the scheme and the conditions which apply when he or she leaves the company or the scheme; highlights that employees should receive guarantees that no action will be taken against them if they decide not to join an EFP scheme;
Amendment 103 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Considers that EFP benefits should always be complementary to the contractual remuneration and rights such as social security contributions and not a replacement of the above or a way to diminish the above;
Amendment 108 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Calls on the Commission and the Member States to consider the rapid evolution and change of the labour market and the consequent challenges regarding skills, digitalisation, automation and, potentially, wealth inequalities, and therefore continuously create new opportunities for the labour force to adapt in order to be financially sustainable and independentways to protect workers as well as enable opportunities for the labour force to develop professionally and personally;
Amendment 110 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Highlights that although micro- enterprises play an important role in the economy of most EU Member States, no supportive measures for employee share ownership are implemented for them as yet;