A worker cooperative is a cooperative owned and self-managed by its workers. This control may be exercised in a number of ways. A cooperative enterprise may mean a firm where every worker-owner participates in decision making in a democratic fashion, or it may refer to one in which managers and administration is elected by every worker-owner, and finally it can refer to a situation in which managers are considered, and treated as, workers of the firm. In traditional forms of worker cooperative, all shares are held by the workforce with no outside or consumer owners, and each member has one voting share. Definition of worker cooperative Many definitions exist as to what qualifies as a workers' cooperative. Workers' cooperatives also follow the Rochdale Principles and values, which are a set of core principles for the operation of cooperatives. Participation is based on one vote per worker-owner, regardless of the amount of shares or equity owned by each worker-owner. France
Related: Worker Owned Companies
Employee stock ownership planESOPs in the UK ESOPs became widespread for a short period in the UK under the government of Margaret Thatcher, and particularly following the Transport Act 1985, which deregulated and then privatised the bus services. Councils seeking to protect workers ensured that employees accessed shares as privatisation took place, however employee owners soon lost their shares as they were bought up and bus companies were taken over. The disappearance of stock plans was dramatic. The John Lewis Partnership has been cited as an example of an employee share ownership. However, unlike some other employee ownership arrangements, partners in John Lewis have no proprietary right to their stake, and cannot buy or sell their rights, nor collective dissolve the entity. On 3 December 2012, the Government published its response to the consultation. In April 2013, the Enterprise and Regulatory Reform Bill was passed and received Royal Assent. ESOPs in the United States
List of employee-owned companiesList of employee-owned companies From Wikipedia, the free encyclopedia Jump to: navigation, search This list is incomplete; you can help by expanding it. This is a list of notable employee-owned companies. "Notable" is defined as having an article in Wikipedia, or obviously qualifying for one according to WP:CORP. External links Retrieved from " Categories: Hidden categories: Navigation menu Personal tools Namespaces Variants Views Actions Navigation Interaction Tools Print/export Languages Edit links This page was last modified on 17 April 2014 at 17:52.
Workers' self-managementSelf-management or workers' self-management (also referred to as labor management, autogestión, workers' control, industrial democracy and producer cooperatives) is a form of management that involves management of an organization by its workers. Self-management is a characteristic of many models of socialism, with proposals for self-management having appeared many times throughout the history of the socialist movement, advocated variously by market socialists, communists and anarchists. There are many variations of self-management. In some variations, all the worker-members manage the enterprise directly through assemblies; in other forms, workers manage indirectly through the appointment of managers through election. Economic theory An economic system consisting of self-managed enterprises is sometimes referred to as a participatory economy, self-managed economy or cooperative economy. Classical economics Management science Political movements Europe
Mondragon CorporationMondragon cooperatives operate in accordance with Statement on the Co-operative Identity maintained by the International Co-operative Alliance. History The determining factor in the creation of the Mondragon system was the arrival in 1941 of a young Catholic priest José María Arizmendiarrieta in Mondragón, a town with a population of 7,000 that had not yet recovered from the Spanish Civil War: poverty, hunger, exile and tension. In 1943, Arizmendiarrieta established a technical college that became a training ground for generations of managers, engineers and skilled labour for local companies, and primarily for the co-operatives. Before creating the first co-operative, Arizmendiarrieta spent a number of years educating young people about a form of humanism based on solidarity and participation, in harmony with Catholic Social Teaching, and the importance of acquiring the necessary technical knowledge. The first 15 years were characterised by enormous dynamism. Finance
CooperativeIn short, a coop can be defined as "a jointly owned enterprise engaging in the production or distribution of goods or the supplying of services, operated by its members for their mutual benefit, typically organized by consumers or farmers." Cooperative businesses are typically more economically resilient than many other forms of enterprise, with twice the number of co-operatives (80%) surviving their first five years compared with other business ownership models (41%). Cooperatives frequently have social goals which they aim to accomplish by investing a proportion of trading profits back into their communities. The International Co-operative Alliance was the first international association formed by the cooperative movement. Since 2002 cooperatives and credit unions could be distinguished on the Internet by use of a .coop domain. Origins Cooperation dates back as far as human beings have been organizing for mutual benefit. Social economy Meaning Identity
Evergreen CooperativesThe Evergreen Cooperatives are a connected group of worker-owned cooperatives in Cleveland, Ohio. They are committed to local, worker-owned job creation; sustainable, green and democratic workplaces; and community economic development. Overview Background Much of the idea of worker control came in 1977 Youngstown, Ohio when the Youngstown Sheet and Tube company abruptly closed and laid off 5,000 workers. In an effort to stop the layoffs, the workers and city attempted to buy a steel mill and control it themselves. Worker-Owned Cooperatives Evergreen Cooperative Laundry Evergreen Cooperative Laundry (ECL) is an industrial laundry serving local hospitals, hotels, and other institutions. It saves 35% of energy by warming up the clean water with heat from the used water.It eliminates hazardous waste by using EPA-approved chemicals. Employees are paid $8 an hour first six months, while they are on a trial period. Ohio Cooperative Solar References