A County Durham manufacturing firm has transferred to an employee ownership trust in a bid to protect its future and give staff a say in the way it is run.
Peterlee-based Gliderol, which makes garage doors, hopes the switch to employee ownership will help the business thrive and grow.
Employee Ownership Trusts were introduced in the Finance Act 2014 in a bid to expand share ownership to individual employees. They also aim to encourage greater productivity and innovation at work.
