Mark Lazarowicz MP has strongly criticised Government plans for employees to trade in basic rights at work such as statutory redundancy pay in return for shares in the business they work for.
In a Westminster speech yesterday the North and Leith MP (pictured below) said: “I am a strong supporter of employee share schemes to enable them to benefit from the growth of their company and participate in the way it is run. However, these Government plans would produce exactly the opposite result since employees would lose basic employment protection in return for shares that can always go down as well as up in value. A number of leading businesses have already said they want nothing to do with the scheme – good employers realise there are much better ways to motivate their workforce than a bribe to give up basic employment rights.”![Mark_Lazarowicz[1]](https://i0.wp.com/nen.press/wp-content/uploads/2013/04/mark_lazarowicz11.jpg?ssl=1)
The Government proposes that in return for shares in the company they work for, employees would lose the right to statutory redundancy pay, request flexible working and training, challenge unfair dismissal (apart from where this relates to anti-discrimination law) or be required to give longer notice to return from maternity or adoption leave.
Mr. Lazarowicz was the author of the Employee Share Schemes Bill which became law in 2002. That sought to encourage employee share ownership and long term involvement by them in the running of the business, but he believes these latest plans would make it easier to sack them.
The House of Lords initially voted to delete this part of the The Enterprise and Regulatory Reform Bill, with several former Conservative Ministers voting against the Government. However the Government reinserted the proposals for the Bill to be debated in the House of Commons and won yesterday’s vote. The Bill will now return to the Lords for further discussion.
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