Mondragon Corporation
Submitted by Garry Cronan on October 14, 2007 - 10:10am.
Mondragon Corporation | Materials | Spain | People | Community | Democracy | Principles/CSR
MCC is a business group made of 264 companies and entities active in three sectors: Financial, Industrial and Distribution. It is Spain’s 7th largest industrial company.
Global 300 ranking:
10Number of members:
62,764Member Dividend:
USD $204,832,414Number of employees:
78,455Gender Diversity:
41% of employees are femaleTurnover:
USD $: 2,147,483,647Type of Co-operative:
Employee Co-operativeDate founded:
1956Operating Countries:
Spain, Brazil, China, Czech Republic, India, Italy, Morocco, Portugal, Romania, Slovakia, Turkey, United Kingdom and USA.
Website:
People
Stakes in capital: In 2005 worker members held 90.5% of share capital.
Equal opportunities: In the Distribution Area, 80% of the workforce is made up of women, with women occupying 76% of management positions, the highest figure in Spain.
Health and Safety: Ongoing deployment of Systems for the Prevention of Industrial Hazards with many subsidiaries already certified.
Community
Mondragon Unibertsitatea aims to develop knowledge, skills and values. Education is trilingual enabling students to communicate in Basque, Spanish and English. The university offers 7 degree course to some 3,500 students.
Politeknika Ikastegia Txorierri: 435 students were enrolled in formal education during the 2004/5 year. 40 courses in occupational and lifelong training.
The Lea Artibai Ikastetxea catered for around 2,000 students. In addition to formal education (Secondary Education and Occupational Training Courses) the school offered classes in Polymer Engineering, in co-operation with the London Metropolitan University.
MIK: A Business and Organisational Management Research Centre, has been endorsed by the Ministries of Industry and Education as a CIT (Technology Research Centre) and as an OTRI (Office for the Transfer of Research Results), being the first and only one of its kind in Spain.
The Garaia Innovation Park is involved in the promotion of innovation and technology linking the work of Technology Centres, businesses and higher education. Managed by MCC, its aim is to create a sphere of excellence, fostering the introduction of new technologies.
Arizmendi: Reinforced its project as a vital training centre. A recent highlight was the opening of the crèche, or ‘Umezaintza’, for children up to the age of six.
Distributing earnings: Between 5 and 10% of the surplus generated by MCC is allocated to a Cooperative Education and Development Fund (FEPC). Over the 2002-2005 investment in community schemes has amounted to €112.7m.
Democracy
In 2006 80% of MCC employees were members and have the final say on electing governing bodies. These bodies are both accountable to members in terms of management decisions and strategy.
The Co-operative Congress is the supreme body of the MCC, in terms of sovereignty and representation. It is comprised of 650 delegates representing all of MCC’s co-operatives and its decision are binding. The European Federation of Employee Share Ownership (EFES) has recognised the MCC as a best practice example of a participatory/democratic organisation, putting MCC in 1st place in the European ranking of organisations in which the workers have more than 50% ownership.
