Employee Financial Participation

HC Deb 08 June 1992 vol 209 cc34-5W

Mr. Ian Taylor

To ask the Secretary of State for Employment if she will make a statement on the progress which has been made by the social questions working group which is examining the draft EC recommendation on the promotion of employee participation in profits and enterprise results; and whether the European Commission has set up a working party to examine the possibilities for the creation at European level of formulae for employee financial participation schemes.

Mr. Michael Forsyth

The social questions working group has completed discussion on the draft recommendation. The recommendation is due to be considered at the Labour and Social Affairs Council on 24 June.

As far as the working party is concerned, while this is no longer mentioned in the draft recommendation, we understand that it is still the Commission's intention to establish such a body, although at this stage there is no indication of when this might be, nor of its precise terms of reference.