Hello my name is Jenny and I am happy to help you today, are you based in the UK ?
From 1 September 2013, it is possible to become an employee shareholder. Simply buying shares does not give you this status and mean that you lose employment rights.
In order to become an employee shareholder you must be given at least £2000 worth of shares in the business, there is guidance on the status on the following website. https://www.gov.uk/employee-shareholders
the company i work for is 70000 people world wide
it is the employee shareholder scheme...
The number of employees makes no difference, you cannot be forced to take the shares in exchange for the status if you are a current employee.
you just pay in each month how much you can afford
I am sorry I have no idea why my last sentence did not come through properly to you.
No-one has said anything. I was reading a while back that the government wanted to make it easier for companies to 'get rid' of people and that a share scheme was giving a big benefit to an employee so the employers should also have increased rights - redudancy is one of them, especially for someone who is off on long term sick. I want to buy shares in the company but of course don't want to lose or diminish my current rights.
If you don't mind, I will research the exact policy the company offers and then come back to you. I would also like to ask if all the details we are detailing are confidential and not posted on the internet? I would prefer it that way. Thanks. Be in touch soon.