This morning the Employee Ownership Foundation released new information from the 2010 General Social Survey that shows employee owners’ jobs are more stable. Employees in the U.S. who had employee stock ownership were four times less likely to be laid off during the Great Recession than employees without employee stock ownership.
According to J. Michael Keeling, President of the Employee Ownership Foundation and The ESOP Association, “These numbers confirm what observers of employee stock ownership have been saying for years. Employees with employee stock ownership, including those with ESOPs, have more stable employment.”
To read the full press release, please visit the The ESOP Association blog.