Manufacturer Gripple puts its future in the hands of employees

GRIPPLE is an unusual business. Since 1994, employees have been able to purchase shares in the wire joiner manufacturer.

This model has evolved to the point where all employees purchase at least £1,000 in shares within their first 12 months.

Employees now own 36% of the business. Andy Davies, development director of Sheffield-based Gripple is also chairman of private employee owned company GLIDE.

GLIDE represents all the shareholder members working in its partner companies with an employee elected board of dir... For the full story register now for free or login below...