News that Spain's largest appliance-maker is heading for bankruptcy will not come as a complete shock in the crisis-ridden country. Yet Fagor is a special case. It is part of Mondragon, the world's biggest group of worker-owned co-operatives. Nestled in the green hillsides of the town of the same name, in the Basque country, Mondragon has won many awards and much praise as a shining alternative to shareholder capitalism and a bastion of workplace democracy during its six decades of history.
展开▼
