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The CISL union has collected nearly 400 thousand signatures in support of the proposed citizens' initiative law on worker participation in corporate choices and profits and economic democracy. "We want people to have more voice and responsibility in their companies, to be inside the processes of decision-making and choice, to share in profits, investments, strategic choices, to raise wages, support health and safety in working environments, stability and quality of work, improving productivity and countering relocations and acts of industrial piracy," said CISL General Secretary Luigi Sbarra. CISL's 22-article proposal calls for workers' representatives to join supervisory boards or boards of directors on a voluntary basis for private companies and automatically for publicly held companies. It provides for widespread employee share ownership plans with the introduction of an institution popular in Anglo-Saxon law, the so-called voting trust, a trust to which workers can entrust their shares to make them weigh more heavily. The proposal also provides for the distribution of profits to employees with a 5% substitute tax on this income within the threshold of 10,000 euros and similar tax incentives for companies. In the bill, reference is made to some 40 companies, from Luxottica to Piaggio to Leroy Merlin to name but three, in which particularly effective worker-business participation experiences have been initiated in recent years.
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