Kent-based structural steel fabricator has become an employee ownership trust (EOT)
Nusteel Structures has announced that it has transferred ownership to its employees.
The current board of directors will remain in place and will have full control of strategy and business decisions.
In practice, 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.
Register for free or sign in to continue reading
This is not a paywall. Registration allows us to enhance your experience across Construction Management and ensure we deliver you quality editorial content.
Registering also means you can manage your own CPDs, comments, newsletter sign-ups and privacy settings.
