The Nuttall Review recognises that employee-owned private companies sometimes buy back shares from exiting employees, often with a view to distributing fresh shares to new employees. The current share buyback regime was considered to be overly burdensome for companies and it was recommended that the current provisions be reviewed under the Companies Act 2006 (the CA 2006).Incentivising Employee Ownership Through Share BuybacksFollowing the end of a BIS consultation period on the Nuttall Review, during which it sought industry responses, the Government issued its own response and has now published proposed regulations to be implemented into law later this year. The Government has recognised the need to remove barriers perceived as disincentivising further uptake of direct employee ownership. The main amendments proposed to the CA 2006 are as follows:Off-market share buybacks may be authorised by an ordinary resolution of shareholders, i.e., by a simple majority … [Read more...] about New Regulations Pave The Way for Increased Employee Owned Companies in the UK
Latrisha is an employee of the cooper company
In light of evidence that younger employees committed similar infractions as the plaintiff, and did not suffer significant disciplinary action, an Illinois federal district court denied an employer’s summary judgment motion. The Court ruled that evidence of disparate treatment plus age-based comments by management was sufficient to create a fact issue as to whether the plaintiff’s age was the but-for cause of termination. Wyman v. Evgeros, Inc. (N.D. Ill. Jan. 27, 2017).In Wyman, the plaintiff, worked morning shifts prior to undergoing surgery. Following post-surgery recovery, she asked to resume morning shift. Her request was denied by the employer which, citing business needs, placed her on an afternoon schedule. Although the parties disputed whether the plaintiff knew she had to work these shifts, it was undisputed that the plaintiff missed three afternoon shifts – a violation of company policy. As a result, the employer terminated her … [Read more...] about Evidence That Younger Employees Violated Company Policy Without Consequences Results in Denial of Summary Judgment
A former Southwest Airlines ramp agent is suing the company after he says he was wrongfully terminated and subjected to “extreme race discrimination.” Jamel Parker says when he became a Southwest employee at Houston’s Hobby Airport in 2013, a co-worker first told him about a “white only” break-room where black employees were not welcome. New California Law to Limit Plastic Straws in Restaurants “You’d hear stories of people going in there and people were running them out of there like what are you doing in here,” Parker said. In the lawsuit filed Wednesday, Parker and his attorneys allege the discrimination was widespread and included an incident where a noose made of bungee cords was constructed to intimidate black employees. Suge Knight Pleads No Contest to Manslaughter “Someone took that cord and created a noose and just left it hung there for people to see,” Parker said. Parker was fired in 2017 for … [Read more...] about Former Southwest Employee Accuses Company of “Extreme Race Discrimination”
Sep 20, 8:41 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury World By Corentin DAUTREPPE 09/20/19 AT 8:23 AM "Strike for climate action" is the watchword coming not from the shop steward but the C-suite as many companies publicise their support for Friday's mobilisation, but positioning to capture consumers that isn't translated into action carries risks.While the movement may not be massive, it is global: around the world companies have gone public and associated themselves with the global climate protests on September 20 and 27.The American outdoor clothing company Patagonia, for example, has publicised widely its decision to close its 107 stores on both days to encourage its employees to participate in the events."We're on strike in Solidarity with the youth-led global climate strike for a better future and climate climate justice for everyone," says the website for SodaStream, the Israeli-based home soda system maker now owned … [Read more...] about Companies On ‘Strike’ For The Climate: Action Or Advertising?
A federal appellate court has recently confirmed that, in the appropriate circumstances, an employer has "cause" to terminate an employee who refuses to cooperate with outside counsel during an internal investigation.In Gilman et al. v. Marsh & McLennan Co. Inc. et al., Docket No. 15-0603 (June 16, 2015), the Second Circuit Court of Appeals ruled that Marsh & McLennan had cause to terminate two employees for their refusal to sit for interviews by Marsh’s outside counsel retained to investigate suspected criminal conduct. The Gilman decision is likely to impact employment lawyers counseling clients on how to handle uncooperative employees. The decision also serves as a reminder that, in addition to the Upjohn warning, lawyers conducting internal investigations should consider when and whether to add a warning about the potential adverse employment impact a decision not to cooperate may have on the employee. The facts in Gilman The underlying facts in the Gilman case … [Read more...] about Second Circuit Decision Confirms Employers Have Cause To Fire Employees For Refusal To Cooperate With Internal Investigations