Mondragon Corporation is a unique business group based in the Basque Country of Spain. Founded in 1956, it operates as a federation of worker cooperatives, meaning that the employees are also the owners. This structure allows workers to have a say in decision-making and share in the profits, promoting a strong sense of community and collaboration.
The corporation spans various industries, including manufacturing, retail, and finance, with over 80 cooperatives and thousands of employees. Mondragon emphasizes social responsibility and sustainability, aiming to create a positive impact on both the economy and society. Its innovative approach has made it a model for cooperative businesses worldwide.