🔹The 70,000 workers showing the world another way to earn a living within the traditional capitalist framework🔹
The #Basque Country’s #Mondragón Corporation is the globe’s largest industrial #cooperative, with workers paying for the right to share in its profits – and its losses. In return for giving more to their employer, they expect more back ⏩
↪ Harmonious employer-worker relations are the stuff of corporate dreams, and they are no accident here: the #Eroski retail chain is part of #Mondragón Corporation, the largest industrial co-op in the world
As a fully signed-up member, Fernández co-owns part of the supermarket chain that also employs her. “It feels like mine,” she says. “We work hard, but it’s a totally different feeling from working for someone else.” ⤵
Think there is no viable alternative to #capitalism? There is, and this is what I'm talking about!
"‘In the US they think we’re communists!’ The 70,000 workers showing the world another way to earn a living - The #Basque Country’s #Mondragón Corporation is the globe’s largest industrial #cooperative, with #workers paying for the right to share in its profits – and its losses. In return for giving more to their employer, they expect more back.
When Marisa Fernández lost her husband to cancer a few years ago, her employers at the Eroski hypermarket went, she says, “above and beyond to help me through the dark days afterwards, rejigging my timetable and giving me time off when I couldn’t face coming in.”
She had a chance to return the favour recently when the store, in Arrasate-Mondragón in Spain’s Basque Country, was undergoing renovations. Fernández, 58, who started on the cashier desk 34 years ago, and now manages the store’s non-food section, volunteered to work extra shifts over the weekend along with her colleagues to ensure everything was ready for Monday morning. “It’s not just me. Everyone is ready to go the extra mile,” she says.
Such harmonious employer-worker relations are the stuff of corporate dreams, and they are no accident here: the Eroski retail chain is part of Mondragón Corporation, the largest industrial co-op in the world. As a fully signed-up member, Fernández co-owns part of the supermarket chain that also employs her. “It feels like mine,” she says. “We work hard, but it’s a totally different feeling from working for someone else.”
That sentiment is echoed by Mondragón’s 70,000 other workers. Made up of 81 autonomous co-operatives, the corporation has grown since its creation in 1956 to become a leading force in the Basque economy. Eroski is one of its most conspicuous manifestations, with 1,645 outlets across Spain. In addition to food, the chain has profitable sidelines in white goods, electronics, insurance and holiday bookings."