Shares up in WBRS
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• Over 70% of BRS Western's employees now own shares in the National Freight Consortium, according to managing director Steve Abel. -This has far-reaching benefits for the company and the employees," he says.
Employees who bought NFC shares in the year of the company's acquisition, 1982, have seen the value of each £1 share increase 35 times.
The company has made great improvements in communications, with infomiation passing freely between management and employees. Sales have been directly affected by employee ownership "with everyone coming into contact with a potential customer acting as a sales executive for the corn pany," according to Abel.
"There is more awareness at shareholders meetings," he adds, "with less of the 'you and us' attitude that used to exist."
The NFC is now widening employee ownership further, with £2.5 million of NFC's £39.5 million pre-tax profits for the year to October 4, 1986, allocated to a new savings related share bonus scheme and basic profit share scheme.
This is aimed at increasing the spread of ownership and involvement.
"The success achieved by HRS Western is directly related to the extremely high levels of commitment, dedication and enthusiasm displayed by our workforce," says Abel.