Yellowknife Glass Recyclers converted to an employee-owned co-op in July 2006 to take advantage of growing popularity of high-quality recycled glassware and the opening of a glass distribution retail store. Read more…
Excerpt: Succession Planning: An Opportunity & a Challenge The succession issue for small and family-owned businesses has grown due to the large number of small business owners nearing retirement. Studies in places as diverse as Australia and Quebec, have demonstrated that well over 50 per cent of small and medium sized businesses will face this … Succession Planning Using the Worker Co-op Option
Presentation by Peter Hough Excerpt: Key Issues: -Founding and Long Term Members Retirement Security Relinquishing member/ownership and it benefits Worker Co-operative New Members Viability Cash Flow Debt Load Knowledge Transfer …continued in attachment. So You Want to Retire_0
Guides drafted for union-led conversions to worker co-ops from other business forms, by the Western Labour-Worker Co-op Council. The Council’s members included CWCF, the Prairie Region of the Canadian Labour Congress, the Ohio Employee Ownership Center, Co-op Ventures Worker Co-op, and various trade unions. 1of4 Union-Led Buy-Outs – Coop Basics 2of4 Union-Led Buy-Outs – Checklist … Union-Led Buy-Outs
(1) Educate the supporters of the buyout. Supporters may include all of the hourly and salaried employees as well as local management. Frequently, in situations involving an organized workforce, those employees protected by a union contract are the initial proponents. (2) Establish a buyout association. Membership in the buyout association is usually open to all … Steps in a Worker Buyout of a Company