RE:RE:RE:Looks LikeIf employees want shares they have to buy them like anyone else. The last thing needed is issuing free incentive shares causing dilution after the lasy couple of years in a buy / Back for cancellation program.
90 % of any shares given to employees would just be sold off into the market. If you know anything about Physocology of wealth accumulation. People value and look after what they have earned , Not what was bestowed on then for free. Just look at inheritances 80% are back where they started in two years. The same with lottery wins of $100k New car , Holiday, and generally squandered.
The only reason the vast majority of working people have a comfortable retirement, Is because someone else organized their retirement savings or pension plan for them. And in organized firms employees are forced to be participate in the pension plan set up by the union and company via payroll deduction.
Western is financially fit enough with the US operations having a cash flow to survive much better than the average employee. After six months many workers will be hurting unless they can find other work.that pays the same.
But that is how the ball bounces it was employees who believed their union bosses and voted to shut down not Western. So it is not totally up to WEF to be flexible. Their must be some give on both sides