In a statement delivered September 15, 2011 to the Massachusetts Legislature’s Joint Committee on Labor and Workforce, Robert J. Haynes, president of the Massachusetts AFL-CIO, noted that the group was in support of employee ownership. Massachusetts state bill, H.B. 2305, “An Act Relative to Job Creation Through Employee Ownership,” which was introduced in 2011 would require business owners to notify employees of eligibility to purchase a business prior to its sale.
In his statement Haynes said, “Broad based ownership by workers is a highly preferable form of business ownership that should be encouraged in our Commonwealth. By structuring themselves in this fashion, businesses are more likely to remain locally owned and controlled and can better share the rewards of ownership with the very workforce that makes the success of profits of the company possible.” You can read the full statement here.
“This statement is very significant,” said J. Michael Keeling, president of The ESOP Association. “Massachusetts, and in fact all of New England, are great supporters of employee ownership and we are delighted to see this statement by Mr. Haynes.”