Algoma Steel's experiment in worker ownership has yielded its first operating profit.
Red October was privatized last year and turned over to worker ownership with great fanfare.
In addition to customer vs. worker ownership, retailers' cooperatives also utilize organizations of already constituted corporations as collective owners of the produce.
Proponents believe that cooperatives, credit unions, and other forms of worker ownership would become viable without being subject to the state.
He has published widely on the subjects of community economic development, urban revitalization, corporate organization, and worker ownership of enterprise.
Mr. Greenwald turned a deaf ear to the rumblings of middle managers who were opposed to the idea of worker ownership.
The unions are expected to propose a bankruptcy reorganization plan of their own that would include substantial worker ownership.
Greider's capitalism would involve some kind of worker ownership and control of enterprises.
Algoma, which once employed 12,000 people, is one of the biggest companies and the first in Canada to try worker ownership.
The most forward-looking companies in America experimented with a corporate structure based on worker ownership.