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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.
These are companies totally or significantly owned (directly or indirectly) by their employees. [1] Employee ownership takes different forms and one form may predominate in a particular country. For example, in the U.S. over 5,700 of the roughly 6,400 employee-owned companies have an Employee Stock Ownership Plan (ESOP). [2]
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.
Compared with worker cooperatives or co-determination, employee share ownership may not confer any meaningful control or influence by employees in governing and managing the corporation. In the United States, private companies often use employee share ownership to maintain the political feasibility of the founding business plan and culture ...
3.1 Canada. 3.2 Mexico. 3.3 United States. ... List of cooperatives; List of employee-owned companies; United States Federation of Worker Cooperatives; References
Historically, foreign ownership was a political issue in Canada in the late 1960s and early 1970s, when it was believed by some that U.S. investment had reached new heights (though its levels had actually remained stable for decades), and then in the 1980s, during debates over the Free Trade Agreement.
A unionized co-operative is a co-operative which is beholden to active legal involvement by trade unions in the representation of the worker-owners' interests. [1]While they may be considered unnecessary in most cases, trade union involvement and membership may be welcomed by some co-operatives, be it to show voluntary solidarity with the organized labor movement's own history of struggle or ...
The Mondragón Co-operatives in Spain are commonly cited by co-operative individualists and a lot of co-operative individualist literature deals with these societies. The Mondragón Cooperative Corporation has drawn so much attention because in 2010 it was the seventh-largest company in Spain.