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A worker cooperative is a cooperative owned and self-managed by its workers.This control may mean a firm where every worker-owner participates in decision-making in a democratic fashion, or it may refer to one in which management is elected by every worker-owner who each have one vote.
Shares are allocated to employees and may be held in an ESOP trust until the employee retires or leaves the company. The shares are then sold. Worker cooperatives are another form of employee ownership wherein workers are exclusive owners and managers of the firm, with one vote per employee in democratic decision-making.
Economics of participation is an umbrella term spanning the economic analysis of worker cooperatives, labor-managed firms, profit sharing, gain sharing, employee ownership, employee stock ownership plans, works councils, codetermination, and other mechanisms which employees use to participate in their firm's decision making and financial results.
Since the broad purpose of cooperatives is to offer different power structures than ordinary capitalist institutions (which are owned by profit-seekers that may or may not work at the firm), as well as to improve the economic and social life of workers and all who are involved beyond mere profit and creating products/services, there is much ...
One of the 10 largest employee-owned companies in America, Davey Tree Expert is 100% worker owned. The global tree, lawn, and utility consulting and services company was founded by the Davey ...
Rainbow Grocery Cooperative, San Francisco, CA; Red Emma's Bookstore Coffeehouse, Baltimore, MD [11] Seward Community Cafe, Minneapolis, MN [12] TESA Collective; The Drivers Cooperative, New York City
Worker cooperatives (4 C, 15 P) Pages in category "Employee-owned companies" The following 14 pages are in this category, out of 14 total.
Co-founded in 1964 by Walter Hachborn and headquartered in St. Jacobs, Ontario, the chain is cooperatively owned by over 1000 independently owned member stores. Stocksy United (Stocksy) is a Canadian multi-stakeholder platform cooperative , selling stock photos and videos on behalf of its international membership of 1500+ artist contributors.