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CA (610,000)
UTSG (50,000)
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SOC101Y1 (1,000)
Lecture

SOC101Y1 Lecture Notes - Toronto Stock Exchange


Department
Sociology
Course Code
SOC101Y1
Professor
Paul Glavin

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WORKERS COOPERATIVES
-basic capitalist principle is that owners controls how work is perform and how organiza-
tion run
EMPLOYEE SHARE OWNERSHIP PLANS
-employee share ownership plans is a way for workers to share in the profit of produc-
tion and as a means of generating more consensus in the workplace.
-this plan is offered to employees in many private-sector high performance work-
places.
-it could also be purchased for employees as part of a benefit package.
-in canada, 2/3 of the firms listed on the toronto stock exchange have
ESOPs.
-unions representing the workers were more interested in using
their seats on the board of directors (as they have share) to pre-
serve jobs than to gain control over the labour process.
EMPLOYEE BUYOUTS
-with majority ownership (workers), workers can manage their own job security
-as owners, workers retain the option to change the management system in the future if
they wish to do so
-workers buying out(shares) will increase when all the participants, uncluding the
union support the buyout plan
-government support is also critical, particularly with respect to financing,
since many lenders are reluctant to gamble on worker’s buyouts, despite
good records.
PRODUCER COOPERATIVES
- producer cooperatives are distinguished by their function as collective producers of
goods and services