Overview

workers' cooperative


Show Summary Details

Quick Reference

An enterprise that is wholly owned by its workforce, who therefore appoint (or even elect) the organization's management. Cooperatives have been advocated as a means of job creation in depressed economic regions and as a way of avoiding the conflicts and inefficiencies of conventional firms. Although some cooperatives are highly successful, they remain a marginal form of enterprise within the capitalist economy. Prominent examples include Tower Colliery in south Wales and the Mondragon cooperatives of the Basque region in Spain.

Subjects: Human Resource Management.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.