12,000 could lose out on British firms’ share schemes after Brexit

12,000 could lose out on British firms’ share schemes after Brexit

Up to 12,000 Irish employees of British companies could be forced to walk away from significant profits arising from employee retention schemes after Brexit, it has emerged.

So-called Save As You Earn programmes are popular employee incentives for several British companies with significant employment here, including Tesco, Next, Sage and Halfords.

Under the schemes, employees save a portion of their salary every month, and can use that sum to purchase their employer’s shares at an agreed...

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