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EU not doing enough to support worker buyouts, warn co-ops

Two co-operative apexes have signed a joint letter urging the European Commission to prioritise business transfers – including worker buyouts, which suffer from a lack of recognition in most member states.

The joint letter was written as the Commission works on the forthcoming Single Market Strategy and the EU Start-up and Scale-up Strategy.

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The letter suggests that the Commission adopt a new recommendation on business transfers along with coordinated policy actions. Recommendations include undertaking and coordinating a comprehensive data collection effort across member states on all types of business transfers; establishing an EU-wide business transfer barometer; and developing a strategy to prepare entrepreneurs for taking over or handing over a business.

Read the rest at Co-operative News

 

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