Haymills offers staff shares
Haymills' 350 employees have been given the option to own shares in
the company. The offer includes all staff and longer-serving
hourly-paid employees.
Managing director Julian Brandon said: "This incentive benefits
everyone. It not only gives something back for all the team's
efforts in turning Haymills' fortunes round in the past two years,
but brings a further positive, since people working on each and
every project now have a vested interest.
"Although a share scheme that involves an exclusive few is more the
norm, I was adamant that all employees should have some
benefit."
The scheme also doubles as a staff retention scheme, since share
options cannot be exercised before 2009.
Brandon led a management buy-out of Haymills in July. "Our current
half-yearly figures are on track for achieving the first annual
stage in the company's five-year financial plan."