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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.
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 ...
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.
Worker cooperatives: businesses owned and managed by the people who work there; Consumer cooperatives: businesses owned and managed by the people who consume goods and/or services provided by the cooperative; Producer cooperatives: businesses where producers pool their output for their common benefit e.g. Agricultural cooperatives
The outdoor retailer REI wants you to know it isn’t a typical corporation — it’s a consumer-owned cooperative, with values beyond just making money. Lest you forget, REI puts “co-op” on ...
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 theory of the labor managed firm explains the behavior, performance and nature of self-managed organizational forms. Although self-managed (or labor-managed) firms can coincide with worker ownership (employee ownership), the two are distinct concepts and one need not imply the other.
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 ...