APSCo RESPONDS TO OSBORNES PROPOSALS FOR EMPLOYEE OWNERS
APSCo RESPONDS TO OSBORNE& lsquo;S PROPOSALS FOR & lsquo;EMPLOYEE OWNERS’
Responding to the announcement on Monday from George Osborne that workers will be able to trade their workplace rights for shares, Ann Swain, Chief Executive of APSCo, dubbed the move as a strike against the concept of flexible staffing.
“While the Government is right to value the flexibility of the UK labour market, trying to bribe employees into accepting flexibility seems to me to be a backward step. A plethora of minority shareholders in an unlisted company is unlikely to make employees much better off – particularly if it means they can be sacked or made redundant with no redress - and for the employer the logistics and legal ramifications could be complex.
Instead of bringing in yet more complex legislation, what the Government should be concentrating on is backing the existing flexible arrangements that are already provided by the staffing industry. It would be far better to see the Government supporting those professional contractors who choose to take on significantly more risk and cost without any of the benefits afforded to employees – rather than labelling them as some form of fat cat tax avoider.”