Plaimont Producteurs: 61 employees take a stake in the co-operative's capital

n employee equity participation scheme was launched by Plaimont in March 2015 and has fetched 200,000 euros. A total 61 employees decided to join the scheme which continues through to the end of this year. The non-co-operative partners’ college (reserved for employees) is allowed to own up to 20% of equity, which is valued at approximately 3 million euros, equating to 600,000 euros. Olivier Bourdet-Pees, managing director of the co-operative, underlined the significance of this type of commitment by employees in the company’s business plan, allowing them to tell “wine growers, clients, suppliers and all the company’s partners how much they believe in our plan”.

The scheme was approved at the co-op’s AGM on March 6 in La Tour de Termes d’Armagnac. It allows staff with permanent contracts at the Union de coopératives gersoises Plaimont Producteurs to buy shares in the company as part of its capital increase. Each share is worth €16, the minimum admission fee is €320 for 20 shares and the minimum investment period is 5 years.

[Source: Vitisphere; Photo: Plaimont Producteurs]