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Mondragón in the Basque Country is the largest cooperative in the world and manages what other Spanish companies are struggling to achieve; bucking the trend by generating an annual turnover of €14bn despite the economic crisis. Its members sometimes work part-time and do not demand pay increases. Sometimes they even switch to another company for a limited period of time. Mondragón comprises over 100 firms ranging from machine tool manufacturers and supermarket chains to household appliance makers. Mondragón even has its own university and a bank.
Mondragón in the Basque Country is the largest cooperative in the world and manages what other Spanish companies are struggling to achieve; bucking the trend by generating an annual turnover of €14bn despite the economic crisis. Its members sometimes work part-time and do not demand pay increases. Sometimes they even switch to another company for a limited period of time. Mondragón comprises over 100 firms ranging from machine tool manufacturers and supermarket chains to household appliance makers. Mondragón even has its own university and a bank.
