SOSC 1510 Lecture Notes - Lecture 17: Essar Steel Algoma, Tembec, Dodgy
30 Mar 2017
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Workers bought majority of shares with help from united steelworks and ndp government via loans, workers took pacts too. Participate in management - 5/13 board members. Sold to indian tnc in 2007 but still offers jobs. Tried being shut down in 1970sbut workers saved it. Owned by members and power is based on the principle of one person. As a member, you are also an owner. Coop movement in canada has ten million embers (18 million coop members, 10 mil credit union members) Promoting coops: we need public education to show another world is possible, we need supportive structures - governments. Social enterprises: business operate dodgy non prof orgs with the dual purpose of generating income by selling product or service in the marketplace and creating a social, environmental or cultural value. Created in order to supply critical services, often when private sectors. Air canada, pearson, canadair, bcrail, petro canada, highway 407.
