Berlin Packaging, a global hybrid packaging supplier, has unveiled its new ‘1Berlin Shared Ownership Program’.
This programme grants employees at all levels across the globe an ownership stake in the company.
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This initiative is effective immediately and requires no investment from the employees.
The programme is designed to reinforce the company’s commitment to its workforce and promote a collaborative culture within its expanding global operations.
Every employee with at least two years of continuous service will be automatically enrolled in the Shared Ownership Program.
Berlin Packaging Global CEO and president Bill Hayes said: “We’re introducing our 1Berlin Shared Ownership Program now because our team has collectively persevered through the last four years of pandemic disruption with unprecedented grit and resiliency.
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By GlobalData“Everyone contributes to our success, and everyone should share in our future success and value creation. We’ve always been ‘1Berlin,’ but now we’re putting our money where our mouth is.”
The shared ownership initiative is not a one-off event.
Berlin Packaging plans to provide its employees with ongoing financial acumen training, focusing on value creation.
Employees will also take part in quarterly ‘Ownership Updates’ with the company’s leadership team.
This educational component aims to empower employees with knowledge about their stake in the company’s performance and future.
Aside from management’s financial stake in the company, Berlin Packaging has the backing of Oak Hill Capital Partners, New York City, and Canadian Pension Plan Investments, Toronto.
Headquartered in Chicago, US, the company supplies glass, plastic, and metal containers and closures.
Berlin Packaging has a strong presence in North America and Europe and has recently made strides into the Asia-Pacific market, with two acquisitions in the region over the past year.
In June this year, the company said that it sold more than 12,000 tonnes of recycled plastic and glass packaging in 2023.
