From Royal Mail to Asda – company schemes that give workers a share

Discussion in 'Market News' started by Lily, Oct 15, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    From Saturday, postal workers can pocket a £3,000 windfall by cashing in on its controversial flotation – but not everyone in a share scheme is so lucky
    The stock market hitting an all-time high this week spells good news for thousands of people participating in company share schemes – and they are not all fat-cat chief executives and board direectors.

    Saturday, 15 October, is a key date for about 139,000 postal workers who received free Royal Mail shares when the business was floated on the stock market in October 2013. Each full-time employee initially received 613 free shares, which were automatically put into an employee share scheme.

    Related: Big cuts in store for Royal Mail and Post Office workers' pensions

    Related: The history of the British co-operative movement - timeline

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