Bakery chain turns its 400 workers into owners.
Ciara Hillyer Parsons Bakery is giving its 400 plus staff a controlling interest in the company.
A bakery chain has become one of the largest employee-owned companies in the south west.
Parsons Bakery has created an Employee Ownership Trust (EOT), giving its 400 plus staff a controlling interest in the company.
Lee Insull-Griffith, Parsons retail director, said: "Now, everyone will get a slice of the pie, pardon the pun.".
The first Parsons Bakery was opened in Clevedon nearly a century ago, followed by a second in Nailsea.
Now it is hoped a John Lewis-style trust will ensure the bakery will remain independent and "rooted in the communities it has served" for 99 years. »
