Usually means: Workers collectively own the company.
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We found 8 dictionaries that define the word employee ownership:

General (8 matching dictionaries)
  1. employee ownership: Vocabulary.com
  2. employee ownership: Dictionary.com
  3. Employee ownership: Wikipedia, the Free Encyclopedia
  4. employee ownership: Rhymezone
  5. employee ownership: FreeDictionary.org
  6. employee ownership: Mnemonic Dictionary
  7. employee ownership: TheFreeDictionary.com
  8. employee ownership: Longman Dictionary of Contemporary English

Definitions from WordNet (employee ownership)

noun:  ownership of a business by the people who work for it

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