A new employment status that allows workers to give up some employee rights, such as the ability to claim unfair dismissal, in exchange for shares has come into force.
Anyone can now apply to be an "employee shareholder", though no-one can be forced to change employment status. Employees must receive at least £2,000 worth of shares in their employer to give up their rights. However, there are signs of a lack of interest from businesses and employees. Chancellor George Osborne first proposed the new status last year, suggesting owner-employee contracts would be ideal for staff at fast-growing firms.....Read more here