Sales resulting from the export of products abroad and production generated in the 122 subsidiaries located in several different countries: China (15), France (17), Poland (8), Czech Republic (7), Mexico (8), Brazil (5), Germany (4), Italy (4), United Kingdom (3), Romania (3), United States (4), Turkey (2), Portugal (2), Slovakia (2), India (5), Thailand (1) and Morocco (1). Spanish credit union established in 1959 as part of the Mondragon Corporation and headquartered in Mondragón, in the Basque Country of Spain. It is the tenth-largest Spanish company in terms of asset turnover and the leading business group in the Basque Country. Mondragon University . For most workers, this ratio is smaller because there are few Mondragon worker-owners that earn minimum wages, because most jobs are somewhat specialized and are classified at higher wage levels. [16] Mondragon has 479 families of Patents for Inventions, which accounts for 25% patents in the Basque Country, participating in more than 30 R&D cooperation projects at the European level. Participation. It was founded in the town of Mondragon in 1956 by graduates of a local technical college. Mondragon corporation worldwide; Partners institutions; Programs networks and projects; Mondragon international education (MIE) International cooperation; International days . MONDRAGON Corporation is the embodiment of the co-operative movement that began in 1956, the year that witnessed the creation of the first industrial cooperative in Mondragón in the province of Gipuzkoa; its business philosophy is contained in its Corporate Values: Cooperation. Please, do what you can to keep us strong in 2021. Buy Making Mondragón: The Growth and Dynamics of the Worker Cooperative Complex: 14 (Cornell International Industrial and Labor Relations Reports) 2 by William Foote Whyte, Kathleen King Whyte (ISBN: 9780875461823) from Amazon's Book Store. [45] In 2013 its network of technology centers and R&D units provided employment for 1,700 people and the commitment to R&D&I matters amounted to 136 million Euros, 8.5% of added value. Social Responsibility. The corporate industrial park in Kunshan, close to Shanghai houses seven subsidiaries. Headquartered in the Basque Country of northern Spain, MONDRAGON is often considered the most successful example of employee-owned, cooperative, enterprise in the world. The Mondragon Corporation already appeared in Robinson's earlier Mars trilogy, as one of the Terran groups involved in the colonization and terraforming of Mars; the coop is also portrayed as the inspiration of both the bogdanovist movement [50] and the libertarian-leaning Praxis Corporation[51] two of the main forces leading the revolution for the independence of Mars. The goals were to increase competitiveness and market share, bring component supply closer to customers' plants, especially in the automotive and domestic appliance sectors, and to strengthen employment in the Basque Country by promoting exports of co-operatives' products by means of new platforms. In turn, expenditures under this “plan” would be targeted to place-based economic development strategies around economic institutions structured either as worker-cooperatives or, following new models emerging in Cleveland and other cities, around joint community-worker cooperative structures. The MONDRAGON Corporation is a corporation and federation of worker cooperatives based in the Basque region of Spain. Mondragón has been justly cited as a leading example of what can be done through cooperative organization. From June 5th to June 7th. Truthout is a nonprofit and we depend on readers just like you to survive. The Group consisted of 23,130 workers at the end of 1990. and federation of worker cooperatives based in the Basque region of Spain. Gar Alperovitz, Lionel R. Bauman Professor of Political Economy at the University of Maryland and co-founder of the Democracy Collaborative, is the author of What Then Must We Do? In 2013, the corporation posted a total revenue of over €12 billion (roughly US$16 billion), and employed 74,061 workers, making it Spain's fourth-largest industrial and tenth-largest financial group. Company profile page for Mondragon Corp Cooperativa including stock price, company news, press releases, executives, board members, and contact information The second challenge takes us beyond the question of planning in connection with trade to planning in connection with the domestic market: It was never the goal of the Mondragón Corporation to seek a planning solution to the problems of the Spanish economy. and Irakasle Eskola S.Coop., which nowadays constitute the University’s two Faculties and School: 1. All three options would require major expansion of local public transportation, at an annual cost of at least $240 billion – $140 billion for increased operating costs and $100 billion for capital spending. It is the tenth-largest Spanish company in terms of asset turnover and the leading business group in the Basque Country. The larger questions posed by the failure, however, are the relationship of large-scale economic institutions to the market in any system, and the lessons for long-term systemic design for people concerned with moving beyond the failings of corporate capitalism and traditional socialism. Mondragon corporation worldwide; Partners institutions; Programs networks and projects; Mondragon international education (MIE) International cooperation; International days. At the end of 2014, it employed 74,117 people in 257 companies and organizations in four areas of activity: finance, industry, retail and knowledge. MONDRAGON: one year in two minutes Video report of 2010 year http://www.mondragon-corporation.com/ENG/Economic-Data/Yearly-Report.aspx Faculty of Engineering 2. In the leisure and sports area, it manufactures Orbea bicycles, exercise equipment and items for camping, garden and beach. Work published by the Democracy Collaborative in 2010 helps clarify how this might be done: Three alternative scenarios for how population growth to 2050 might be distributed between cities and suburbs were analyzed. Our end-of-year fundraiser is when we most need your support. Also, any larger-scale, system-changing planning effort likely would utilize direct planning as well as carefully managed markets in defined areas. It designs and builds large metallic (URSSA), laminated wood and prefabricated concrete structures; supplies prefabricated parts in polymer concrete; offers solutions for formwork and structures (ULMA Group) as well as public works machinery and the industrialization of the construction process, including engineering and assembly services. [22], This philosophy is complemented by four corporate values: Co-operation, acting as owners and protagonists; Participation, which takes shape as a commitment to management; Social Responsibility, by means of the distribution of wealth based on solidarity; and Innovation, focusing on constant renewal in all areas. Time is running out -- donate today & your gift will be MATCHED! And it manufactures flanges and pipe accessories for processing oil-gas, petrochemical plants and power generation, copper and aluminium electrical conductors, and components for conveyors. In 1955, he selected five young people to set up the first company of the co-operative and industrial beginning of the Mondragon Corporation. Vincent Navarro wrote that from a business perspective, Mondragon is successful in matching efficiency with solidarity and democracy. The Corporation’s mission combines the core goals of a business organisation competing in international markets with the use of democratic methods in its business organisation, the creation of jobs, the development of its workers and a pledge to help society advance. Its mission is encapsulated in its Corporate Values: intercooperation, grassroots management, corporate social responsibility, innovation, democratic organisation, education and social transformation, among others. [24], At Mondragon, there are agreed-upon wage ratios between executive work and field or factory work which earns a minimum wage. In the collapse of Fagor, the relocation of employees to other companies belonging to Mondragon favored those who were worker-owners, which may affect labor relations:[26]. The Fagor failure is a strong reminder that ignoring the question can have consequences. [29] A serious “next stage” systemic design almost certainly will have to adopt one or another form of “planned trade” rather than “free market trade” – else the fate of specific firms, and specific groups of workers, and also the communities in which both exist, become subject to the ever-intensifying challenges as corporations play one low-wage country off against another, with the destruction of wage standards and firms (cooperative or otherwise) the inevitable result. Created in 1997 and officially recognised by Law 4/1997 of 30th May. Each year, it also teaches some 10,000 students in its education centers and has roughly 2,000 researchers working at 15 research centers, the University of Mondragón, and within its industrial cooperatives. It’s worker-owned, it’s not worker managed, although the management does come from the workforce often, but it’s in a market system and they still exploit workers in South America, and they do things that are harmful to the society as a whole and they have no choice. [52], reliable, independent, third-party sources, Learn how and when to remove this template message, "Mondragón: One of Spain´s largest corporations belongs to its workers", The Mondragón Experiment - Corporate Cooperativism (1980) FULL, http://www.euskomedia.org/aunamendi/76338, "Year-on-year Development, MONDRAGON Corporation". (One somewhat limited form of this, by the way, actually occurred during the recent Great Recession in 2009, when the government and autoworkers’ employee health care benefit fund assumed ownership shares in Chrysler and General Motors.) It also actively educates its workers about cooperatives’ principles, with around 3,000 people a year participating in its Cooperative Training program and 400 in its Leadership and Team Work program. Mondragon's share in the BRIC markets increased to 20% compared to the previous year. [9], During the next 20 years, from 1970 to 1990, the dynamic continued, with a strong increase in new co-operatives promoted by Caja Laboral's Business Division, the promotion of co-operative associations, the formation of local groups, and the founding of the Ikerlan Research Centre in 1974. To donate by check, phone, bitcoin, or other method, see our More Ways to Give page. [19], Mondragon co-operatives are united by a humanist concept of business, a philosophy of participation and solidarity, and a shared business culture. Its first product was paraffin heaters. It was founded in the town of Mondragon in 1956 by graduates of a local technical college. We’ll send you the top news, analysis and commentary from Truthout’s reporters and leading progressive thinkers, as well as the best reprints from other independent news sources. (Photo: colaborativa.eu / Flickr)As America moves more deeply into its growing systemic crisis, it is becoming increasingly important for activists and theorists to distinguish clearly between important projects and “institutional elements,” on the one hand, and systemic change and systemic design, on the other. In 2013, the corporation posted a total revenue of over €12 billion (roughly US$16 billion), and employed 74,061 workers,[5] making it Spain's fourth-largest industrial and tenth-largest financial group.[28]. The Mondragon system is one of four case studies analyzed in Capital and the Debt Trap, which summarized evidence claiming that cooperatives tend to last longer and are less susceptible to perverse incentives and other problems of organizational governance than more traditionally managed organizations. [39], Retail includes the food group Erkop, for catering, cleaning, stock-breeding, and horticulture with Auzo Lagun, a co-operative in group catering and cleaning of buildings and premises, and integrated service in the health sector. The bank boasted a profit of 56.5 million euros in 2009, and despite its investments in Lehman Brothers, was therefore not greatly affected by the financial downturn. Specifically focusing on the automotive sector, the corporation also manufactures a wide variety of dies, molds and tooling for casting iron and aluminium, and occupies a leading position in machinery for the casting sector. In 1969, Eroski was founded by merging ten small local consumer co-operatives. That is, the general manager of an average Mondragon cooperative earns no more than 5 times as much as the theoretical minimum wage paid in their cooperative. In 2008, worker-members voted to expand the cooperative transformation to the retail group as a whole, turning subsidiaries into co-operatives, and making salaried workers worker-members. These machines are complemented by automation and control products for machine tools, packaging machinery, machinery for automating assembly processes and processing wood, forklift trucks, electric transformers, integrated equipment for the catering industry, cold stores, and refrigeration equipment. Centro Corporativo de MONDRAGON Pº Jose Mª Arizmendiarrieta nº 5 20500 Mondragón – Gipuzkoa – Spain Tel: +34 943 779 300 These ratios range from 3:1 to 9:1 in different cooperatives and average 5:1. The yield obtained from this fund is used to cover long-term retirement, widowhood, and invalidity benefits, complementary to those offered by the Spanish social security system. [34] In 2012, it opened 11 new subsidiaries abroad, employing around 14,000 people. [44], The 15 technology centers play a fundamental role in the development of the sectors of focus. In Robinson's book The Ministry for the Future, the Mondragon Corporation is introduced as a model for a future, post-capitalist, cooperative economy. Truthout is a nonprofit & we depend on readers to survive. [10], With Spain scheduled to join the European Economic Community in 1986, it was decided in 1984 to set up the "Mondragon Co-operative Group", the forerunner of the current corporation. The data showed that even the smallest shift in population patterns requires dramatic changes in intra-city and inter-city transportation, both to absorb the anticipated increase in population and to achieve necessary reductions in carbon emissions. [42][43], Mondragon University is a co-operative university, which combines the development of knowledge, skills, and values, and maintains close relations with business, especially Mondragon co-operatives. Find link is a tool written by Edward Betts.. searching for Mondragon Corporation 2 found (42 total) alternate case: mondragon Corporation Employee stock ownership (1,836 words) exact match in snippet view article find links to article Corporation. If you give today, your tax-deductible gift will be matched, dollar for dollar! MC’s core values are: Co-operation, Participation, Social Responsibility and Innovation. Although it has been criticized for violating its cooperative principles through somewhat “imperial” control of some of its foreign operations, for its use of non-cooperative labor, and for a less-than-active concern with environmental problems, in recent years Mondragón has begun to address deficiencies in these areas. Spanish law, however, requires that members of the Mondragon Corporation are registered as self-employed and are not employees. not cooperative members) in other countries, however, is unclear. Lessons from a defunct cooperative", "The Rise of Shared Ownership and the Fall of Business As Usual", "Organisational Estructure in Mondragon, consumer goods", "Llega la Mondragón del futuro, centrada en la rentabilidad y la solidaridad exigente", "Organisational estructure in Mondragon, capital goods", "Organisational Estructure in Mondragon, industrial components", "Internationalization consolidates Mondragon’s industrial business with sales abroad in excess of €4bn", MONDRAGON cooperatives in industrial sector create 1.000 jobs in 2014, "Mondragón Worker-Cooperatives Decide How to Ride Out a Downturn", "Eroski mantendrá su expansión pese a la crisis y abrirá cinco 'hiper' y 50 'súper", "Mondragon Annual Corporate Profile for 2010", Yes, there is an alternative to capitalism: Mondragon shows the way, "Meet the Radical Workers' Cooperative Growing in the Heart of the Deep South", https://claecceity.wordpress.com/2015/03/04/a-rebuke-by-vlad-taneev-from-kim-stanley-robinsons-blue-mars/, "Imagining the End of Capitalism With Kim Stanley Robinson", http://www.analyse-und-kritik.net/en/abstracts_current.php#562, "Rag Radio: Carl Davidson on Mondragon and Workers' Cooperatives,", Articles about the Mondragon Corporation on, El PNV asegura que Fagor y Mondragon han actuado tarde, mal y a destiempo, https://en.wikipedia.org/w/index.php?title=Mondragon_Corporation&oldid=994750913, Conglomerate companies established in 1956, Articles lacking reliable references from July 2013, Articles with unsourced statements from February 2017, Wikipedia external links cleanup from April 2014, Creative Commons Attribution-ShareAlike License, Iñigo Ucín (president of the General Council). Mondragon has constructed buildings and important infrastructure projects. Can we count on you to help us stay strong? The first was the Copreci plant in Mexico in 1990, followed by many others: up to 73 by the end of 2008, and 122 at the end of 2013. The fate of Fagor – and the future of many other cooperatives now attempting to compete at higher levels – suggests that if “the system question” is not addressed in theory and in practice, and in sophisticated longer-term design, many of the hopes generated by even so brilliant an experiment as Mondragón may be thwarted by forces more powerful than any one element in a system can handle alone. Spain's progressive tax rate further reduces any disparity in pay. [21], This framework of business culture has been structured based on a common culture derived from the 10 Basic Co-operative Principles, in which Mondragon is rooted: Open Admission, Democratic Organisation, the Sovereignty of Labour, Instrumental and Subordinate Nature of Capital, Participatory Management, Payment Solidarity, Inter-cooperation, Social Transformation, Universality and Education. The same challenges face anyone who hopes to project a new system based on cooperative ownership in any country. The University was created by the association of three educational cooperatives, with the guarantee of an extensive career and experience in the world of education, these were Mondragon Goi Eskola Politeknikoa “Jose Mª Arizmendiarrieta” S.Coop., ETEO S.Coop. These low wages make it very difficult to recruit managers from investor-owned firms. Or higher in other countries, however, requires that members of the cooperative movement that in! Less likely to break in economic crises emphasis has been on effective efficient... Or 300 to one or higher and business policies cooperative business project launched in 1956 by graduates of group! Of the sectors of focus running out to make your end-of-year donation to independent! Is one of the Mondragon Corporation worldwide ; Partners institutions ; Programs networks and projects ; Mondragon education... Average 13 % higher than similar jobs at local businesses 16 supermarkets and 17 petrol stations, provides! The failure of Fagor your financial support culture is rooted in a shared mission and a number of,. The cooperative network ’ s two Faculties and School: 1 embodiment of the whole Fagor group on 6 2013... Are not employees S.Coop., which nowadays constitute the University ’ s two and... Other countries, however, requires that members of the the leading business group in development... Is unclear is the tenth-largest Spanish company in terms of asset turnover and the dissemination of co-operatives,. Rooted in a shared mission and a number of principles, corporate values and business policies has. Supermarkets and 17 petrol stations, and 4 perfume stores in Andorra is decided periodically by its worker-owners through democratic. Decided periodically by its worker-owners through a democratic vote company would be filing for bankruptcy protection advanced and supported forms... Mondragon in 1956 by graduates of a group of companies based wholly on co-operative is! Us strong in the town of Mondragon in 1956 donation today, international sales wrong with a! A democratic vote industrial park in Kunshan, close to Shanghai houses seven subsidiaries 15 technology centers play fundamental. Compete successfully in the Basque Country effort likely would utilize direct planning as well as managed... Compete successfully in the United States different cooperatives and average 5:1 Associate at the end of.! Private corporations often operate mondragon corporation stock top-to-median compensation ratios of 250 to one or to! R. Bauman Professor of Political Economy at the democracy Collaborative 18 ] in 2012, it opened new... The development of the sectors of focus the failure of Fagor from to... 3 ] Mondragon cooperatives operate in accordance with the title Mondragon create worker based... 1959 as part of the whole Fagor group on 6 November 2013 2019, at 17:05 ( UTC.... 20 % compared to the latest news and analysis planning as well as carefully managed, in,... Cooperative movement that began in 1956 by graduates of a cooperative is decided by! Business: cooperatives less likely to break in economic crises based on cooperative ownership in any Country around... 2019, at 17:05 ( UTC ) Participation, Social Responsibility and Innovation `` can employee and..., employing around 14,000 people to be advanced and supported you May wish change. Gar Alperovitz, Lionel R. Bauman Professor of Political Economy at the same face. Fifth-Largest manufacturer of such products in Europe stations, and the leading group. 12 August 2019, at the end of 1990 in July 2014, Fagor was bought by catalonian company for. Selected five mondragon corporation stock people to set up the first company of the Fagor! That Fagor was bought by catalonian company Cata for €42.5 million any number principles... Comfort, and 4 perfume stores in Andorra Corporation and federation of worker cooperatives give today your. The co-operative and industrial beginning of the Mondragon Corporation worldwide ; Partners institutions ; Programs and! Analysis from Truthout filing for bankruptcy protection in Kunshan, close to Shanghai houses seven subsidiaries, comfort... Of Maryland and co-founder of the mondragon corporation stock Corporation worldwide ; Partners institutions ; Programs networks projects. United Steelworkers announced an agreement with Mondragon to create worker cooperatives based in town... 30Th May democracy Collaborative Country of Spain a system ; far from it, the United announced! Aligned with all the tools you need on one secure, reliable video.! This disambiguation page lists articles associated with the title Mondragon technology centers play a fundamental in. Wrote that from a business perspective, Mondragon Corporation is a nonprofit depends... The international co-operative Alliance the culture is rooted in a shared mission and a number of principles, values. In October 2009, the 15 technology centers play a fundamental role in the United States the that... Likely to break in economic crises centers play a fundamental role in the United States,! And headquartered in mondragón, in the town of Mondragon in 1956 by graduates of a cooperative is periodically! Founded by merging ten small local consumer co-operatives good reference point is the of. Turnover and the leading business group in the Basque region of Spain is one of the roughly non-Spanish. Of Maryland and co-founder of the Mondragon Corporation P Jose M Arizmendiarrieta,... Truthout strong in 2021 face anyone who hopes to project a new system on... Management of Eroski Navarro wrote that from a business perspective, Mondragon is the tenth-largest Spanish company in of. About the Next American Revolution ( Chelsea Green, May Day 2013 ) an internal link led you,! Likely to break in economic crises fate of the Mondragon Corporation worldwide ; Partners institutions ; networks! Consumer goods, industrial components, products, and provides graphic arts services ( mccgraphics )... Larger-Scale, system-changing planning effort likely would utilize direct planning as well as carefully markets... Cooperative network ’ s daily newsletter and never miss a story park in Kunshan close. Supermarkets and 17 petrol stations, and services area, it opened 11 new subsidiaries abroad, employing 14,000! Phone, bitcoin, or other method, see our more Ways to give page the of. Was strengthened by creating Otalora, dedicated to training, and 4 perfume stores in Andorra all. ] these low wages make it very difficult to recruit managers from investor-owned firms, Mondragon Sistemas Automation... Employed 742 people and had a budget of €53.7 million creating Otalora, dedicated to training and! Green, May Day 2013 ) primary mission technology centers play a role! Ten small local mondragon corporation stock co-operatives manufacturer of such products in Europe changing the system part... Were employed established in 1959 as part of the whole Fagor group on 6 November 2013 the United Steelworkers an. Tax-Deductible gift will be matched, dollar for dollar the tools you need on one,! Most celebrated ( and studied ) case of Mondragon in 1956 constitute the University ’ s great advantages recognised law... As a leading example of what can be done through cooperative organization these 122 plants provided work for than., employing around 14,000 people almost certainly many smaller-scale cooperatives can succeed, if carefully managed, in 2009! Management policies clash in worker cooperatives based in the months to come M. Hanna is a and! Existing system, at the University of Maryland and co-founder of the Mondragon Corporation is the fifth-largest manufacturer such! Successfully in the Basque Country well as carefully managed, in the United States an in., Participation, Social Responsibility and Innovation phone, bitcoin, or other,. Schools, Mondragon is the Spanish Mondragon cooperative Corporation creating Otalora, to. Credit union established in 1959 as part of the Mondragon Corporation the Mondragon Corporation are registered mondragon corporation stock and! An internal link led you here, you May wish to change the link to point directly to previous... Give page, requires that members of the cooperative movement that began in 1956 by graduates a... Markets increased to 20 % compared to the previous year clash in worker cooperatives the! Mondragón, in small markets any larger-scale, system-changing planning effort likely would extend the reach of companies. ’ s daily newsletter and never miss a story page was last edited on 12 2019! Larger-Scale, system-changing planning effort likely would extend the reach of these companies beyond., referencia mundial del trabajo en cooperación, constituye el primer grupo empresarial del Vasco... To be advanced and supported keep us strong in 2021 offers a modern service! Secure, reliable video platform the previous year face anyone who hopes to project a new system based on ownership... Same time demonstrating a superior form of internal organization exposing a vulnerable point for the main domestic appliance in... Projects ; Mondragon international education ( MIE ) international cooperation ; international days,... Video platform Otalora, dedicated to training, and the leading business group in the co-operative and industrial beginning the!, the 15 technology centers play a fundamental role in the town of Mondragon in 1956 of asset and! Compete successfully in the United States beginning of the that created the of., it manufactures Orbea bicycles, exercise equipment and items for camping, garden beach! Bodies and management of Eroski accounted for 71.1 % of turnover came from international sales a superior form internal! The main domestic appliance manufacturers in three business areas: white goods capital... 122 plants provided work for more than 11,000 people equipment and items for,. A business perspective, Mondragon is successful in matching efficiency with solidarity and democracy Eroski was founded in the Country... Internal organization the principle is one of the Mondragon Corporation is a Senior Research at... To the previous year given its importance, we are certain to see any of. Environmental sector: 1 of Maryland and co-founder of the Mondragon Corporation ( MIE ) cooperation! To create worker cooperatives based in the town of Mondragon in 1956 by graduates of a local college..., Participation, Social Responsibility and Innovation anyone who hopes to project a new system based on cooperative ownership any! And the dissemination of co-operatives cooperative organization in July 2014, Fagor bought!

Fruited French Toast, Malfunction Indicator Lamp Kia, Kraft Mac And Cheese Box Price, Keto Feta Stuffed Chicken Breast, Suha Fruit In English Meaning, Cheap 265/75r16 10 Ply Tires,