Where is Mondragon cooperative?

Spain
The Mondragon Corporation is a corporation and federation of worker cooperatives based in the Basque region of Spain.

Is Mondragon Cooperative?

MONDRAGON is Cooperation A cooperative socioeconomic project, with dedicated people working in global companies that are profitable, competitive and enterprising, acknowledged for their human values, social impact and competitiveness.

Does Mondragon have shareholders?

Though the 96 cooperatives of the Mondragón Corporation must produce profits to stay in business — as any company does — these businesses have been engineered not to lavish dividends on shareholders or shower stock options on executives, but to preserve paychecks.

How is Mondragon managed?

The Mondragon Cooperative Group Today The cooperatives employ a majority of members but also employ some contract workers, and some unionized workers in the Basque country. Overseas, all workers are managed based on the norms of the country where the plant is located.

What is the biggest worker co op?

Cooperative Home Care Associates
The largest worker cooperative in the United States is Cooperative Home Care Associates (CHCA), a home care agency with over 2,000 workers based in the Bronx, New York.

Is Mondragon successful?

The Mondragon Corporation has over 266 business and cooperatives, in 32 countries. By the end of our tour, I was amazed by the complexity of Mondragon’s principles and mechanisms. It has been successful in creating a democratic, sustainable, and secure living environment for its members.

What nationality is the name Mondragon?

Spanish
1 Spanish (Mondragón): habitational name from Basque Mondragoe (‘dragon mountain’), a place in Gipuzkoa province. 2 French: habitational name from Montdragon in Tarn.

Are worker co-ops successful?

Our count represents 35.7 percent net growth in verified worker cooperatives since 2013 and 5.1 percent growth in the net total number of verified enterprises from the previous year. The verified worker cooperatives employed 6,454 workers in 2018, producing about $505 million in revenue.