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“The ability to unlock people's talent is key
to make our company better. Our people
development programs seek to reach a
sustainable success in the long term.”
Senior Vice President Human
Resources and Organisation
Fabrizio Rutschmann
At this point, we have already entered
the factory, so it is natural to extend the
discussion to
YES
, which means “Your
Employee Shares” and is a programme
launched by Prysmian in 2013 to spread
share ownership amongst its employees.
Participation at the global level has reached
and even exceeded 40%, with a one percent
interest held — practically the level of a
large international investment fund. “We
wanted a programme,” says Rutschmann,
“that would involve almost all employees at
all levels. Thus far, participation has been
high, with peaks of 60-70% in Turkey, for
example.”
What is the point of employee share
ownership? “It is perhaps the best way to
align the long-term objectives of those
responsible for the company’s performance
— its employees — with the interests of
those who invest in the company,” says
Rutschmann, who also explains, “It is no
coincidence that this initiative hasmet with
great interest and approval by a number of
international funds who have invested in
our company.”