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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] An ESOP is an ...
Citybikes Workers' Cooperative, Portland, OR; ... List of cooperatives; List of employee-owned companies; United States Federation of Worker Cooperatives; References
In Spain, since the law does not subject cooperatives to the collective agreements or to the social security regulations, the following scheme has been used: if a business wants to pay less than what the sector agreement of its economic sector establishes, the business can create a cooperative, which is not subjected to it, hire all the workers ...
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 ...
Worker cooperatives (4 C, 15 P) Pages in category "Employee-owned companies" The following 14 pages are in this category, out of 14 total.
Compared to similar jobs at local industries, Mondragon managers' wages were 30% lower in 1991 (as some companies pay their best paid managers hundreds of times more than the lowest-paid employee of the company) [29] and equivalent for middle management, technical and professional levels. Lower wage levels are on average 13% higher than similar ...