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worker cooperative
(redirected from Worker-owned cooperative)

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worker cooperative

Business owned and controlled by its workers rather than outside shareholders. In some worker cooperatives each member worker has one vote at meetings, however many shares he or she owns. There are relatively few worker cooperatives in the UK; they are more popular in Europe and Japan.
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After 28 years as a worker-owned cooperative, the business converted to a privately owned corporation in June 2006.
Burley sets up trailer recall by The Register-Guard (Eugene, OR)
But as glass companies rationalized and modernized production processes, frequently lowering wages and increasing work pace, many workers reacted in protests including unionization, formation of worker-owned cooperative firms, and Socialist agitation.
Glass Towns: Industry, Labor, and Political Economy in Appalachia, ... by Oestreicher, Richard / Journal of Social History
Determined not to renege on electoral promises to better economic conditions for his supporters as many populists in Latin America have in the past, Chavez launched a massive program to create worker-owned cooperatives in both rural and urban areas.
Participatory Venezuela by Hahnel, Robin / Synthesis/Regeneration
 
 
 
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