Share Owning Wage Slaves?

#cpc12 Tory Chancellor George Osborne's proposal that workers exchange their rights of unfair dismissal and redundancy for tax free company shares marks a new low in the debasement of employment rights in the UK. But it is likely to be an attractive option for many private sector employers keen to establish a 'flexible' and subordinate workforce. This proposal for a modern form of indentured servitude should be roundly condemned and resisted by the labour movement including the Labour Party:
http://www.guardian.co.uk/business/2012/oct/08/osbornes-shares-rights-scheme-unions