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Digital Subscriptions > Arran Banner > 5th November 2016 > Auchrannie hands over business to employees

Auchrannie hands over business to employees

The Auchrannie resort in Brodick is to transfer ownership to its employees.

All current shareholders have agreed to transfer their shares to an Employee Ownership Trust in order, it says, to protect the company’s values and to ensure that Auchrannie will never be sold to a organisation which might not maintain these values.

The move was welcomed by workers and the wider community this week as it will give the 160 employees security of employment as well as share dividends in the future.

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