Tag Archives: worker buyouts
Why the U.S. Needs More Worker-Owned Companies
The gap in wealth in the United States between the ultrawealthy and everyone else has reached its widest point in decades. One way to narrow the divide is through the use of worker buyouts, in which ownership of a company transfers from a single person or a small number of people to the workers of the company. Currently, about 10% of Americans hold equity stakes in their workplaces.,,, Worker buyouts are particularly likely to blossom in industries with organized workers who transition to union cooperatives. Last year 400 members of IAM Maine Lobstering Union bought the wholesale operation of Trenton Bridge Lobster Pound and turned it into a worker-owned cooperative called Lobster 207. >click to read<07:59
