Mondragon Corporation

Mondragon Corporation
Company typeWorker cooperative federation
Founded14 April 1956
FounderJosé María Arizmendiarrieta
Headquarters
Mondragón
,
Basque Country, Spain
Area served
International
Key people
Iñigo Ucín (president of the General Council)
Revenue€12.110 billion (2015)[1]
Total assets€24.725 billion (2014)[2]
Number of employees
Over 70,000 (2024)[3]
DivisionsFinance, Industry, Retail, Knowledge
Websitemondragon-corporation.com

The Mondragon Corporation is a corporation and federation of worker cooperatives based in the Basque region of Spain.

It was founded in the town of Mondragón in 1956 by Father José María Arizmendiarrieta and a group of his students at a technical college he founded. Its first product was paraffin heaters.

It is the seventh-largest Spanish company in terms of asset turnover and the leading business group in the Basque Country. At the end of 2016, it employed 74,117 people in 257 companies and organizations in four areas of activity: finance, industry, retail and knowledge.[4] By 2019, 81,507 people were employed.[5] In 2024, it had over 70,000 workers, 30,660 in the Basque Country, 29,340 in the rest of Spain and around 10,000 abroad.[3] Mondragon cooperatives operate in accordance with the Statement on the Co-operative Identity maintained by the International Co-operative Alliance.

  1. ^ "Annual Report 2015". Mondragon Corporation. Archived from the original on 14 June 2016. Retrieved 7 June 2016.
  2. ^ "Annual Report 2014" (PDF). Mondragon Corporation. Archived (PDF) from the original on 6 March 2021. Retrieved 13 February 2016.
  3. ^ a b Ferreras, Belén (13 August 2024). "El milagro económico de Mondragon, de pequeña cooperativa a gran grupo multinacional". ElDiario.es (in European Spanish). Retrieved 14 August 2024.
  4. ^ Mondragon Corporation. "Annual Report 2012". Archived from the original on 21 September 2013. Retrieved 21 September 2013.
  5. ^ Cite error: The named reference Annual2019 was invoked but never defined (see the help page).