NFC on a winner
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HE National Freight Company's decision to sell a stake n the business to its management and employees has net with all-round approval.
CMsuggested this method of denationalisation two tears ago and we said then that no one would object. In :he event, no one has.
When the deal goes through, there will be a new staff relationship throughout the company. The annual ritual wage round dance will soon be no more than a pleasant minuet. After all, the staff will be paying themselves.
We suspect that productivity will rise and expect to see fewer company vehicles tucked up side streets than at present.
Good ideas which have been lying dormant in the clerk's desk or the driver's cabs will begin to appear.
Misuse of plant, equipment and fuel, common in most transport companies, will disappear.
The concept is exciting and should be profitable in a very short time.
But it is not privy to NFC. There is nothing to stop other employers making shareholders of the workforce. It gives them a new interest and a great incentive.