Training and education for Employee Buy Outs CASE: Finland Erkki K Kangas, Sataosaajat Co-operative Fifth European Meeting Of Employee Ownership Brussels 16, 17, 18 June 2005 CASE: Finland Erkki K Kangas, Sataosaajat Co-operative Fifth European Meeting Of Employee Ownership Brussels 16, 17, 18 June 2005

Who is this Sataosaajat Satakunta Cooperative Development Agency, est. 1995, 100 % privately owned cooperative David Tittle talked about Employee Buy Outs in Kokkola 1996, started working on EBO 1998 Have led or participated in over 10 ESF projects on Employee owned enterprises Employee Buy Out as Business Succession Solution -project Satakunta Cooperative Development Agency, est. 1995, 100 % privately owned cooperative David Tittle talked about Employee Buy Outs in Kokkola 1996, started working on EBO 1998 Have led or participated in over 10 ESF projects on Employee owned enterprises Employee Buy Out as Business Succession Solution -project

Employee Ownership About 50 Personnel Funds, only few focus in employers stock Not many Employee Owned Companies but the number is slowly crowing Many result of Outsourcing, Phoenix or Rescue Buy Outs Currently work on promoting EBO in SME’s as Business Succession Solution About 50 Personnel Funds, only few focus in employers stock Not many Employee Owned Companies but the number is slowly crowing Many result of Outsourcing, Phoenix or Rescue Buy Outs Currently work on promoting EBO in SME’s as Business Succession Solution

Employee Training Raising awareness of EBO option, mostly in Business Succession situations Building links to Trade Unions Late 1990’s Cooperative Training for unemployed Training is available but a bit hard to find Focus on Business Skills, not Employee Ownership Raising awareness of EBO option, mostly in Business Succession situations Building links to Trade Unions Late 1990’s Cooperative Training for unemployed Training is available but a bit hard to find Focus on Business Skills, not Employee Ownership

Business Owners Focus on Business Succession owners retiring every year 20 % find Successor in the Family Business Succession Planning seminars Federation of Finnish Enterprises Web-site, books, press Focus on Business Succession owners retiring every year 20 % find Successor in the Family Business Succession Planning seminars Federation of Finnish Enterprises Web-site, books, press

Business Advisors Well aware of the Succession Problem About 25 publicly funded Agencies focused on Succession Planning Less than 10 EBO Consultants in the country Basic education on why EBO is necessary and important Basic training about how to close a EBO or at least, where to find help Well aware of the Succession Problem About 25 publicly funded Agencies focused on Succession Planning Less than 10 EBO Consultants in the country Basic education on why EBO is necessary and important Basic training about how to close a EBO or at least, where to find help