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

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...

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