Still working to recover. Please don't edit quite yet.
Cooperative conglomerate
A cooperative conglomerate is a conglomerate of various cooperatives, often from more than one industry. These mutualized companies, often worker cooperates, 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.
