Emanuel Whittaker has announced its transition to an employee ownership trust (EOT) after 188 years in business.
Since 1837, the Oldham-based firm has delivered significant projects across Greater Manchester, from social housing to regeneration schemes.
EOTs are an initiative launched by the government in 2014, under which a company’s employees own, or have the right to own, shares.
EOTs do not involve direct share ownership by employees. Instead, a controlling interest in the company is transferred to an all-employee trust, which is then held for the benefit of employees.
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