As it stands today Pacific Brands Group (PGB) is worth 16 cents per share. With 502 million shares listed that gives PGB a nett worth of $80 million. Now that is not an awful large amount of money in the grand scheme of things. Why don’t the workers of Pacific Brands and their relevant union people bandy together and purchase say 70% of the available stock. Lets say that the 7000 remaining employees, the 1800 sacked employees and 30,000 people who want Pacific Brands to keep the manufacturing in Australia all do this. Between all these people it would only cost $2062.00 per person to achieve this. Heck, If this were an organised event they can count on my 2 gorilla’s.

With a 70% holding these people would have the right to call a extraordinary general meeting and block the proposed move overseas and keep these jobs in Australia. Instead of organising against the company can’t it be organised to own the company and make the for them. Then, some of these people will own stock in the very company they are working for which in itself can have further benefits.

This obviously can’t happen in every situation where a company makes a decision to move overseas but it is a remote possibility in this one.

What say you Australia?