Nursery World - Jigsaw staff benefit from expansion plans

* The Jigsaw Group has extended its employee share option plan to benefit 20 per cent of staff, in anticipation of flotation next year. Jigsaw, which operates 24 purpose-built units, is in the running to be the first nursery chain to float. Its employee share option plan was launched in 1998, following a management buy-out funded by venture capitalists 3I.

Jigsaw, which operates 24 purpose-built units, is in the running to be the first nursery chain to float. Its employee share option plan was launched in 1998, following a management buy-out funded by venture capitalists 3I.

In the initial hand-out, two per cent of shares were allocated to senior staff. The latest share issue goes to loyal staff, and new and promoted employees.

Jigsaw chief executive Tom Shea said the organisation planned to open more nursery units, to cover more than 5,000 children by the end of next year.

'We hope that this scheme will motivate our senior experienced staff to replicate our success in our new nursery units and keep us at the forefront of the sector, setting the benchmark for childcare and early years' development across the country.'

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