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Spain: 32% more worker cooperatives created than last year

1 July 2014

In 2013, a 32% increase in the creation of worker cooperatives was registered last year, according to the Spanish Confederation of Worker Cooperatives (COCETA). Those enterprises present rare figures in the Spanish business world. They are companies that create stable employment by definition. According to figures from the Ministry of Employment, over 80% are worker-owned with permanent and full-time contracts, while in other companies about 90% of contracts are temporary.

"There are three important issues," notes Juan Antonio PedreƱo, President of COCETA. "Firstly, the fact that worker cooperatives are creating jobs. Secondly, the fact that workers remain in their current job, and destroying 12 percentage points less than traditional enterprises. Thirdly, the fact that they are saving jobs through processes of transformation and restructuring of business in cooperative enterprises".

Between the first half of 2013 and 2014, over 10,000 net jobs have been created in the sector. All regions have had a net growth, something that has not happened for the last ten years.

In Spain there are about 17,000 worker cooperatives with approximately 250,000 worker-owner members with a turnover of 45 billion euros.