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Financial Participation

There are hardly any trade union statements on employee financial participation and it is not a high priority in wage negotiations. Nonetheless, trade unions are not principally opposed to employee financial participation.1

In a number of cases, trade unions have supported company proposals for employee financial participation schemes and have been actively involved in their implementation. In most companies offering participation schemes the employees are trade union members. It is often suspected that the lack of collective wage settlements for whole sectors has led trade unions to support employee financial participation.2

The establishment of the trust funds at the Bank of Valetta in 1994 and Maltacom in 1998 is attributable to the inclusion of employee financial participation in wage settlements. The November 2003 wage settlement at Malta Shipyards also included a profit-sharing scheme.3

Wilke, Maack and Partner (2014) Country reports on Financial Participation in Europe. Prepared for www.worker-participation.eu. Reports first published in 2007 and fully updated in 2014.