S7 E12: Reimagined Economies
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Mondragon Corporation's Support for Cooperatives
- The Mondragon Corporation provides crucial support and security for its member cooperatives.
- It supports struggling cooperatives through profit pooling, where profitable cooperatives help those with less or no profit.
- If a cooperative must reduce its workforce, workers have the right to work in another cooperative within the corporation.
- If no other work is available, workers have the right to receive training to improve their employability.
- As a last resort, workers can receive unemployment benefits for up to two years.
- Historically, no worker at Mondragon has ever exhausted this two-year benefit period.
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