Wednesday January 29, 2020

Employees buy JobPath operator Seetec

Seetec has annual revenues of £150 million in Britain, while its Irish arm had revenues of €26.5 million in 2018

Barry J Whyte

Chief Feature Writer

@whytebarry
12th January, 2020
Seetec founder, Peter Cooper sold 51 per cent of his 80 per cent holding in the company

Seetec, a British company that has been paid €100 million to help run the state’s controversial job activation scheme, JobPath, for the long-term unemployed, has been bought by its own employees.

The company announced last week that its founder, Peter Cooper, had sold 51 per cent of his 80 per cent holding in the company to an Employee Ownership Trust for the benefit of the company’s 2,535 employees. An existing employee benefit trust...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

A strong new political lobby is emerging, as a disenchanted generation born in the 1960s and 1970s see their pension ages drifting further and further away over the horizon

Brian Keegan | 3 days ago

The move by the giant investment bank comes as major US and British hedge funds have boosted their short trades against the company formerly known as Paddy Power Betfair

Barry J Whyte | 3 days ago

Couple who started recruitment giant 30 years ago benefit from boom in placement of temporary healthcare and technology workers

Ian Guider | 3 days ago