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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.
Uralungal Labour Contract Co-operative Society - A worker co-operative in the state of Kerala that ... List of employee-owned companies; United States Federation of ...
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]
In the UK organisations such as the Employee Ownership Association (EOA), Scottish Enterprise, Wales Co-operative Centre and Co-operatives UK play an active role in promoting employee ownership. An employee controlled company is a majority employee-owned company. This might arise through an employee-buyout.
The Co-operators, founded in 1945, is a Canadian insurance co-operative owned by 43 members. Farmers of North America, Farmers buying co-operative. Home Hardware is a privately held Canadian home improvement, construction materials, and furniture retailer.
Mondragon University is a co-operative university, which combines the development of knowledge, skills, and values, and maintains close relations with business, especially Mondragon co-operatives. Technological innovation is generated through the co-operatives' own R&D departments, the Corporate Science and Technology Plan, the corporation's 12 ...
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise". [1]
The United States Federation of Worker Cooperatives (USFWC) is the national grassroots membership organization representing worker cooperatives and democratic workplaces.. Its mission is to build a thriving ecosystem for worker-owned and controlled businesses and to empower their cooperative leaders to power movements for racial justice and economic democracy.