Sunday, May 19, 2024

Wolfgang Digital to pioneer employee ownership business model in Ireland

Must read

Staff to have 25pc stake in the digital marketing agency as company takes a leaf from John Lewis’s book

Wolfgang Digital’s newly elected employee reps with CEO Alan Coleman. From left, Chris Bury, Coleman, Rob Beirne, Shreya Barua, Ian Booth, Stephen Murphy, and Niamh O’Doherty. Photo: Dave Keegan

Staff at Dublin-based digital marketing agency Wolfgang Digital are taking a 25pc ownership stake in the business in what’s thought to be a first-of-its-kind deal for an Irish firm.

The scheme will see an employee-­owner trust gradually acquire a majority stake in the business over time and is modelled on the successful John Lewis Partnership in the UK, where permanent staff at the retail giant are its full owners.

Latest article