EssilorLuxottica announced the results of its international share ownership plan (“Boost 2019”) with a subscription rate of over 67% of eligible employees. More than 56,000 employees now hold a financial stake in the company.
In November this year, EssilorLuxottica introduced the first employee share ownership initiative of the new combined group, extending it for the first time to 12,000 eligible Luxottica employees in Italy. The plan this year covered 73 countries (vs 43 last year), corresponding to nearly 70,000 employees eligible to subscribe.
Employee shareholding is meant to reinforce employees’ sense of commitment to the company’s mission and strategy, aligning their long-term interests with those of the group and of other shareholders, and providing them with the opportunity to participate in the anticipated value creation and success of the group.