Tag Archives: factory takeover

Worker-run companies show how to profit without a boss

By various sources

There are now 205 “recovered” companies in Argentina, with nearly 10,000 workers — up from 161 companies with 6,900 workers in 2004, according to a study published in October. Though the economy has improved since the 2001 crash, the current economic downturn has caused a recent increase in factory take overs. There are now some 10,000 cooperatives in Argentina, where workers control profits and make management decisions — while saving their jobs.

Continue reading