Mondragon Corporation
Spanish cooperative federation / From Wikipedia, the free encyclopedia
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The Mondragon Corporation is a corporation and federation of worker cooperatives based in the Basque region of Spain.
This article needs to be updated. The reason given is: The numbers are obsolete after the departure of Ulma and Orona. (December 2022) |
Company type | Worker cooperative federation |
---|---|
Founded | 14 April 1956 |
Founder | José María Arizmendiarrieta |
Headquarters | , |
Area served | International |
Key people | Iñigo Ucín (president of the General Council) |
Revenue | €12.110 billion (2015)[1] |
Total assets | €24.725 billion (2014)[2] |
Number of employees | 81,507 (2019)[3] |
Divisions | Finance, Industry, Retail, Knowledge |
Website | mondragon-corporation |
It was founded in the town of Mondragón in 1956 by Father José María Arizmendiarrieta and a group of his students at a technical college he founded. Its first product was paraffin heaters.
It is the seventh-largest Spanish company in terms of asset turnover and the leading business group in the Basque Country. At the end of 2016, it employed 74,117 people in 257 companies and organizations in four areas of activity: finance, industry, retail and knowledge.[4] By 2019, 81,507 people were employed.[3] Mondragon cooperatives operate in accordance with the Statement on the Co-operative Identity maintained by the International Co-operative Alliance.