Growth and Infrastructure Bill — Clause 25 — Employee Shareholder Status — Exemption from Certain Statutory Employment Rights — 17 Dec 2012 at 20:30

The majority of MPs voted to exempt those with employee shareholder status from certain statutory employment rights.

MPs were considering the Growth and Infrastructure Bill^[1][2]. The amendment rejected in this vote was:

• Amendment 59, page 32, line 9, leave out clause 25.

Clause 25^[3] was titled Employee owners and provided for a new employment status of "employee shareholder" and for those with such status to be exempted from certain statutory employment rights.

The employee shareholder scheme is an employee status where an employee is given shares worth at least £2,000 on receipt in return for which the employer is permitted not to extend unfair dismissal rights, rights to statutory redundancy pay and other employment rights to the employee.

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• [1] Parliament's webpage on the Growth and Infrastructure Bill
• [2] Explanatory notes to the Growth and Infrastructure Bill
• [3] Clause 25 of the Growth and Infrastructure Bill as at the time of the vote

Debate in Parliament | Source |