Ohio Employee Ownership Center
TheOhio Employee Ownership Center (OEOC)is an organization based atKent State Universitywhich provides employees of businesses in Ohio with resources for establishingEmployee Share Ownership Plansthrough worker buyouts of companies.
The organization's first effort was the attempted worker buyout of theAtlantic Foundry Companyfrom the Reymann family under the terms of an ESOP. However, a lawsuit brought by 125 foundry retirees seeking the resumption of health and life insurance benefits derailed the ESOP negotiations, and the plant closed in 1989. OEOC has since helped in successful efforts at ESOPs for such companies asDimcoGray.[1]
The organization has served as the inspiration for similar organizations which bring organized labor and cooperative federations together, such as thePrairie Labor-Worker Co-op Council(a collaboration between theCanadian Worker Cooperative FederationandCanadian Labour Congress).
See also
[edit]References
[edit]- ^Worker-Owners and Unionsby Dan Bell