Monthly Archives: October 2017

Moretrench Celebrates Employee Ownership Month by Bridging the Gap

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On October 13th, Moretrench employee owners took to the road to share the celebration of Employee Ownership Month with their field personnel.

On October 13th, Moretrench employee-owners took to the road to share in the celebration of Employee Ownership Month with their field personnel.


There are approximately 10,000 Employee Stock Ownership Plans (ESOPs) in place in the U.S., with the majority covering the manufacturing, construction and engineering industries. A recent survey performed by the Employee Ownership Foundation, stated that 93% of their respondents agreed that ESOP implementation was “a good, overall decision for the company”, and almost two-thirds noted that the ESOP has helped increase productivity.

Moretrench became 100% employee-owned in 1999 and as a result, the ESOP has had an overwhelmingly positive effect on the company, creating broad-based ownership among all employees, and fostering an environment in which employee-owners understand their roles in helping the company succeed.

October is Employee Ownership Month, which is a tribute to the incredible spirit of employee ownership, and gives an opportunity for ESOP companies across the U.S. to educate employee-owners and the public about the tremendous benefits of ESOPs. Moretrench proudly celebrates their pride in employee ownership, not only this month, but also each and every day. “Throughout October we are recognizing and celebrating our ESOP membership and what it means to us, both as individuals and as a corporation”, mentioned Ken Wigg, Senior Engineer and Chairman of Moretrench’s Employee Ownership Committee. “This year, one of our goals as a Committee is to start bridging the gap between our office and field staff, and to give our superintendents and union personnel a better awareness about Moretrench being employee-owned and the culture it brings.” Moretrench has planned a series of events throughout October to assist in achieving this goal.

For more information about employee ownership at Moretrench, visit here.

Moretrench Runners Turn Out for the 2017 Tunnel to Towers 5K

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The Tunnel to Towers 5K began in New York City in 2002 in honor of Stephen Siller, a New York City firefighter who, on hearing of the 9/11 attack on the World Trade Center, immediately strapped on his 60 lbs. of gear and ran through the Brooklyn Battery Tunnel  and the streets of Manhattan to the twin towers  to do what ever he could to save lives.  In doing so, he sacrificed his own life when the South Tower collapsed.  In all, 343 New York firefighters and 71 law enforcement officers lost their lives at Ground Zero, along with thousands of civilian personnel.

The annual commemorative event, which saw 1,500 runners take to the streets that first year, has grown  to more than 30,000 entrants, and similar events are being held all over the United States and across the world.  This year’s event was held on Sunday, September 24th.  Moretrench was represented by Project Engineer Anthony Gallo, HR Generalist Joanne Muccione,  Marketing Assistant Liz Latuja, Staff Engineers Aaron Schoen, Demitri Zoubroulis, Max Schisler, and Ellen Kalnins.

The mission of the Stephen Siller Tunnel to Towers Foundation is to honor all military personnel and first responders who have made the supreme sacrifice.  Profits from the event are distributed among various charities.