European Employment Law Update — January 2014: UK
Development: introduction of new employee shareholder status.
Impact: a new employment status was created whereby employers are able to offer between £2,000 and £50,000 worth of shares in their company in return for the employee agreeing to give up certain employment rights, including the right to a redundancy payment and the right to bring a claim for unfair dismissal in most circumstances. The shares can be sold by the employee without attracting capital gains tax…
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