Renault aspires to triple the shareholders among its employees with its new plan
French car group Renault announced Wednesday a plan to triple the number of employee stockholders of the company, with the goal that its employees account for 10% of the company’s shareholding by 2030.
In a statement released this Wednesday, Renault explained that will offer 6 free shares to each employee eligible for this program, called “Renaulution Shareplan”, and the opportunity to purchase titles at a 30% discount.
In total, Renault estimates that 110,000 employees in 29 countries could benefit from this initiative. The reference price per share for this initiative is 31.46 euros, which after the discount for employees would remain in 22.02 euro.
“This employee stock participation plan will strengthen the commitment of workers around a new strategic direction,” the French group said in the statement.
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