Mirror Classic Purchase of a company by staff Crossword Clue Answer Today Revealed May 31, 2024
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Updated May 31, 2024
Purchase of a company by staff Crossword Clue Explanation
Clue Explanation: This clue indicates a unique form of corporate restructuring where employees collectively acquire ownership of their company, often referred to as an Employee Buyout (EBO). Such a transaction typically involves employees forming a trust or cooperative to purchase the business, thereby ensuring its continuity and potentially enhancing job security and worker satisfaction.
This process may be initiated to preserve the company's legacy, improve operational efficiency through vested interests, or respond to an impending sale or closure by external parties.
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Hints
- Employee-owned acquisition
- Internal company purchase
- Workers' takeover
- Employee Stock Ownership Plan (ESOP)
- Staff ownership transition
- Worker buyout
- Employee cooperative
- Internal buyout
Possible Answers
- Employee Buyout
- Staff Buyout
- Worker Buyout
- Employee Ownership
- Employee Purchase
- Worker Ownership
- Employee Takeover
- Staff Purchase
Answer
The Correct Answer is Purchase of a company by staff Crossword Clue is 'BUYOUT'.
Explanation
The answer to this clue is BUYOUT. A staff buyout, also known as an employee buyout (EBO), occurs when the employees of a company purchase the business they work for. This process typically involves forming an employee-owned entity, which then acquires the company from its current owners.
The buyout can be motivated by various factors, such as the desire to prevent closure or sale to an external party, improve employee morale and commitment, or ensure better alignment between the company's operations and the interests of its workforce.
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Mirror Classic Crossword
The Mirror Classic Crossword is a traditional crossword puzzle featured in the Daily Mirror, a popular British newspaper. This crossword puzzle challenges solvers with a grid of blank squares, into which they must fill words based on provided clues.
Each clue corresponds to a word that fits into the puzzle grid both horizontally and vertically. The Classic Crossword is known for its blend of straightforward and cryptic clues, offering a range of difficulty levels suitable for both novice and experienced crossword enthusiasts. It serves as a stimulating mental exercise and an enjoyable pastime for readers.