The 330 associated work cooperatives integrated into the Basque federation will create 1,000 new jobs this year and reach a combined workforce of 22,000 employees by the end of the year. These cooperatives, including 70 from Mondragón Corporación Cooperativa (MCC), generated more than 411.000 million pesetas in revenue in 1997 and expect a 10% increase in their turnover for the current year. The director of the Basque federation of associated work cooperatives, Agustín Mendiola, released these figures along with the results of a study on cooperativism. According to the comprehensive report, there are a total of 711 associated work cooperatives in the Basque Country, covering various sectors including industrial, construction, services, and agriculture.
Out of the 711 firms, 27,800 people are employed, with 83% of them being worker members. Industrial cooperatives create the most jobs, accounting for 57.5% of the total, despite the services sector having the highest number of cooperatives. Of the 711 Basque associated work cooperatives, 327 are in the tertiary sector. The study conducted by the federation also highlights the choice of affiliation to Social Security by cooperative members. 66.5% of them are self-employed, while only 33% contribute to the General Social Security Scheme. In terms of financial situation, Mendiola pointed out the “high level of self-financing and, therefore, the high level of own resources,” which accounts for 66.5% of the average liabilities of the cooperatives.
On the other hand, the officials at the federation of associated work cooperatives expressed their concern over the “limited development of service cooperatives.” They believe that these cooperatives could provide employment opportunities for unemployed youth. The study sheds light on the positive impact of cooperatives in creating jobs and sustaining the economy in the Basque Country. The commitment to cooperativism is evident in the growth projections for the sector, with expectations of continued expansion and job creation in the coming years. The cooperative model offers a sustainable and inclusive approach to business, focusing on the well-being of its members and the community as a whole.
The focus on industrial cooperatives as the main job creators emphasizes the importance of diversification within the cooperative movement. By exploring opportunities in various sectors, cooperatives can maximize their impact on job creation and economic growth. The study also underlines the cooperative values of solidarity, democracy, equality, and social responsibility that guide the functioning of these enterprises. By promoting a fair and transparent decision-making process, cooperatives empower their members and foster a sense of ownership and belonging.
Overall, the data presented by the Basque federation of associated work cooperatives paints a positive picture of the sector’s contributions to the regional economy. The commitment to job creation, financial stability, and social welfare exemplifies the potential of cooperatives to drive sustainable development and foster a more inclusive and equitable society. With a strong foundation in cooperative principles and a focus on collective well-being, these enterprises are poised to continue making a significant impact in the Basque Country and beyond.
