This status requires workers to give up their rights to unfair dismissal, redundancy payments, to request flexible working and training in exchange for shares in a company worth £2,000 or more.

It has so many problems that even the Government's own Peers rebelled against it and removed it from the Bill in the House of Lords on Wed 20th March 2013. http://www.publications.parliament.uk/pa/ld201213/ldhansrd/text/130320-0001.htm#13032054000303

Issues include:

JSA Claimants would lose their benefits if they were to refuse such a job
It allows employers to fire at will
The employee would be required to find money upfront to pay Income tax and National insurance on shares worth over £2,000
It opens up a new tax loophole since the shares are exempt from Capital Gains tax.
It contradicts the coalition agreement on flexible working, tax avoidance and capital gains tax.
Employees would have to sell the shares back to the company when they leave, when the shares could have actually lost significant value
It would be damaging to workplace morale and trust, creating resentment between employees themselves and between employees and employers
It would damage the reputation of current successful share ownership schemes which do not require workers to give up their rights.
It will in no way create growth. Fear of losing your job without the protection of unfair dismissal or redundancy payment rights will make employees reluctant to spend money in the economy

Employment rights were created to protect employees and should not be a bargaining commodity

This clause must NOT be put back in the Growth and Infrastructure Bill and must NOT be passed through parliament at any point.

Please sign this petition to stop this proposal.