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Employee ownership helps STAR-Dundee soar - but keep its roots

STAR-Dundee employee-owners

Employee ownership helps STAR-Dundee soar - but keep its roots

Discover how 员工所有制 let this successful aerospace engineering business preserve its company culture and Dundee base.

STAR-Dundee may have its eyes on the sky, but its roots are set firmly in the local community.

对创新方法并不陌生, the Scottish aerospace engineering company switched to an 员工所有制 model in 2017. The move allowed the business to preserve both its status as a leading supplier to the global space industry, 以及它的家乡邓迪基地. It also gave a bigger role to its most important asset – its people.

一家敦提公司的工程公司,在银河系有影响力

STAR-Dundee was created in 2002 to meet growing demand for the spacecraft technology being developed at the University of Dundee. Founded by Professor Steve Parkes and several research students – who worked on its original products in their spare time – the SME currently employs 25 people, 在邓迪和桑特库加特设有办事处, 巴塞罗那.

位于邓迪大学校园附近的一栋联排别墅里, the company produces electronic components and test equipment for spacecraft. 一个例子是它的 “SpaceWire” 网络技术. This was developed as an efficient and versatile means of linking sensors to a spacecraft’s electronic equipment, in much the same way you connect devices to your laptop through USB.

STAR-Dundee - an employee-owned space engineering company

With a number of international space agencies as customers, 包括美国宇航局, 欧空局和日本, STAR-Dundee’s products are now carried on hundreds of spacecraft. This means that bits of Scottish tech are currently orbiting the earth, exploring asteroids and distant planets and mapping out the furthest reaches of the galaxy.

甚至在它向外太空扩张的时候, the company keeps its approach down-to-earth by focusing on what it’s good at – designing electronics and software – and subcontracting production to accredited manufacturers in the UK.  

How 员工所有制 put the focus on the company’s real stars

After 15 successful years in business, it was time to consider STAR-Dundee’s long-term future. With support from a succession planning initiative run by bat365官方网站, 帕克斯教授研究了多种选择. It soon became apparent that 员工所有制 was the way forward.

“It became clear that the company’s future was about the people who had helped make it a success, and the culture that we had developed to support that success,帕克斯教授解释道. “把公司卖给另一个组织, which would inevitably change the culture and might even move it from its Dundee base, 这不是一个很吸引人的主意吗.

“Employee ownership retains and strengthens the company culture and will ensure that it always has a base in Dundee.”

更重要的是, it meant that the hardworking employees who had poured their skill into the enterprise would be suitably rewarded. In 2017, STAR-Dundee was transformed from a start-up run and majority-owned by its founder, to a company in which 55% of the shares are held by an Employee Ownership Trust (EOT) on behalf of its 工作人员. The remainder are held by Steve Parkes, the University of Dundee and the other founders.

Employee ownership is also beneficial in terms of retaining and recruiting workers. This is particularly important in a business that features many highly technical roles: 40% of STAR-Dundee’s employees hold PhDs, 90%的人受过技术R的必要培训&D.

克莱尔·亚历山大 合作开发苏格兰, the arm of bat365官方网站 that supports employee所有的业务es, adds: “STAR-Dundee’s main priorities when considering its succession options were to secure and strengthen the business, 在文化和成功方面, and also to ensure the business remained rooted in Dundee. 

“All of these objectives have been achieved through 员工所有制, as well as making sure the 工作人员 have a meaningful stake in their company and its future success.”  

一个全新的企业将会飞向天空

STAR-Dundee’s management team was also restructured to provide a solid foundation for further growth. 前首席执行官史蒂夫·帕克斯 成为首席技术官, 专注于发展, 和 斯图亚特·米尔斯, another company founder and previously Chief Operating Officer, 现在作为 CEO. Carole Carrie, the company’s Administration Manager, also took on the role of company secretary.  

CEO Stuart Mills says: “STAR-Dundee has been a great success because of its people. Our move to 员工所有制 allowed these individuals to have a greater say in the running of the company and to further benefit from the company’s success.”  

这个具有前瞻性的本地企业的下一步是什么? 一项新技术, SpaceFibre, was launched in 2019 after 10 years of development and is already orbiting the earth. 虽然它是为宇宙飞船设计的, 该产品也可用于机器人技术, medical equipment and other industries where high performance, 可靠性和可用性是必不可少的.

这意味着在新员工的领导下, STAR-Dundee’s products may soon be just as widely used on earth as in space – providing an even bigger global stage for this proudly local business.

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听听首席执行官斯图尔特·米尔斯的讨论 星-邓迪是如何成为明星的 工作人员所有的业务 in 第8集 员工所有制 播客. 

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