EmbeddingGemma 2: an open, lightweight multimodal embedding model
deepmind.google·6d ago
AI Engineering
Hacker News·Jul 28·5 min read
Mondragon Corporation – a federation of co-operatives
TL;DR
Mondragon Corporation, founded in 1956 in Spain, is a federation of worker cooperatives that has grown to employ over 70,000 people across various sectors. It is a leading business group in the Basque Country, emphasizing cooperative principles in its operations.
✦ Why It Matters
Consider exploring cooperative business models to enhance employee engagement and ownership in your organization.
Key Takeaways
- Investigate cooperative structures for employee ownership models.
- Evaluate the impact of wage ratios on worker satisfaction.
- Explore international expansion strategies for local businesses.
- Promote social responsibility initiatives within your organization.
Full Summary
Founded by Father José María Arizmendiarrieta, Mondragon Corporation began as a technical college initiative and evolved into a leading federation of worker cooperatives in the Basque region of Spain. By 2024, it reported revenues of €11.213 billion and employed over 70,000 workers across various sectors, including finance, industry, retail, and knowledge.
The corporation operates under principles of democratic organization and solidarity, with wage ratios between executives and workers capped at a maximum of 5:1. Mondragon has expanded internationally, establishing 125 subsidiaries abroad by 2014, and has a strong focus on innovation and social responsibility.
Recent departures of successful cooperatives like ULMA and Orona have impacted its workforce and sales, highlighting challenges in maintaining cooperative solidarity.