SOC101Y1 Lecture Notes - Toronto Stock Exchange

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Published on 24 Jun 2012
School
UTSG
Department
Sociology
Course
SOC101Y1
Professor
Page:
of 1
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

Document Summary

Basic capitalist principle is that owners controls how work is perform and how organiza- tion run. 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. 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. 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.