Employee Ownership
Business, Innovation and Skills
Chuka Umunna (Streatham, Labour)
To ask the Secretary of State for Business, Innovation and Skills following his Department's consultation on employee owner status, whether he expects firms to advertise vacancies which are only available under employee owner status.
Jo Swinson (East Dunbartonshire, Liberal Democrat)
The employee shareholder status is only open to entities which are companies limited by shares. Companies are free to make choices about what type of employment contracts they offer and the Government considers that companies are best placed to decide how they hire people.
It is possible that some companies may only offer employee shareholder contracts in the same way that they can currently offer contracts which fall under either the worker and employee statuses.