No Image Available
LinkedIn
Email
Pocket
Facebook
WhatsApp

Share options and redundancy

pp_default1

Giant US technology company Intel closed its operations in Denmark in June of this year resulting in the loss of 200 jobs.

Many of the former employees were consequently unable to exercise their non-mature share options and the Danish commercial and clerical trade union is now taking the company to court to test whether it is lawful to take away share options without compensation.

The move could have a wide impact across Europe especially amongst technology based companies which have had a particular tendency to make share options a part of their recruitment packages.

Want more insight like this? 

Get the best of people-focused HR content delivered to your inbox.
No Image Available