The global E-magazine on cooperatives in industry and services
The daily UK newspaper “The Guardian” published an article on employees who decide to buy their company instead of facing redundancy. In most of the cases, these companies are viable businesses which close down because no suitable successor can be found.
The article points out the need to have to take a whole range of new responsibilities for buy-out employees and illustrates this alternative to closure with many examples.
The article is available on http://www.guardian.co.uk/money/2008/jan/12/workandcareers.
International Organisation of Industrial, Artisanal and
Service Producers' Cooperatives
Secretariat: C/O European Cooperative House - avenue Milcamps 105
1030 Brussels, Belgium
Tel: +32 2 543 1033, fax: +32 2 543 1037