Learning from Esops' fables
France's SNCF is concentrating on the risks, particularly the operational ones, associated with its new employee savings programme. Duncan Wood reports on its progress, and throws light on the various other Esop-type products on the market.
SNCF, the company that runs France’s trains (and, with 220,000 staff, the country’s biggest employer) set up a new savings programme for its employees last year that incorporated some unusual features. Bankers from SG, who structured the deal, have been looking for
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