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Difference between revisions of "Cooperative conglomerate"

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Latest revision as of 17:43, 11 October 2010

A cooperative conglomerate, also known as a super-mutual in the United Kingdom, is a conglomerate of various cooperatives, often from more than one industry. These mutualized companies, often worker cooperatives, may join together under a larger cooperative governance for the stability and flexibility of the workforce; under such setups, as in the commonplace corporate conglomerates, workers will enjoy a larger social safety net for their skills and welfare in the larger cooperative if their jobs in one subsidiary co-op are made redundant, and can be easily transferred to other subsidiaries, while still retaining their rights and liberties as equal shareholders in the larger cooperative.

In the case of the Mondragón Cooperative Corporation, a major cooperative conglomerate in the Basque Country, the conglomerate owns not only factories but also schools, grocery coops, and other schemes of social importance; the schools, including the Mondragón University's campuses, are used to train future or currently-redundant workers within the cooperative with necessary and liberal skills, making them capable for employment by one of the many subsidiary worker cooperatives within the larger corporation.

Potential relationships with other types of cooperatives[edit]

A worker cooperative conglomerate that expands into multiple industrial and non-industrial concerns could easily assimilate other types of cooperatives:

Ultimately, the cooperative conglomerate can turn many more consumers into workers or workers-in-waiting/apprentices, thus making it more numerically competitive to, or overlapping of, the consumer cooperative alignment. As most or all workers in the cooperative conglomerate are also customers of the various cooperatives inside the conglomerate, conglomeration of worker cooperatives gives a sense of self-sustenance to the welfares of the working participants.

See also[edit]