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Employee Shareholders – what you need to know about the possible changes

Posted on Friday, 31st May 2013 by

Photo Credit: Victor1558 via Compfight cc

The Growth and Infrastructure Bill looks set to continue through parliament. The aim is to create Employee shareholders who in return for receiving £2000 or more in shares from their Employer, give up their entitlement to certain employment law rights including:

  1. The right to claim Unfair Dismissal;
  2. The right to receive redundancy payments;
  3. The right to request flexible working.

The new Employee Shareholder status will be rolled out to new and existing employees. The House of Lords have proposed various safeguards including the need to take independent legal advice and a requirement that no employee can be forced into the new regime. It is unclear to what extent employers and employees will elect to take up the system and there are still many unanswered questions. If the Bill does become law it will however, create a new type of Employee and in all likelihood new challenges and case law for the Employment Tribunal.

Andrew is a Commercial & Employment Law solicitor in Leicester. Our Solicitors in Leicester are experts in their fields and dedicated to quality client care. If you would like to find out more about our solicitors in Leicester please contact us.

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Andrew Robinson - Employment Law
Andrew Robinson - Employment Law
andrew.robinson@ehlsolicitors.co.uk 01509 212 108
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