OLDEST -- Workers Co-operative in the UK - Superlatives on Waymarking.com

Wikipedia describes a Workers Co-operative: visit link

'A worker cooperative is a cooperative owned and democratically managed by its worker-owners. This control may be exercised in a number of ways. A cooperative enterprise may mean a firm where every worker-owner participates in decision making in a democratic fashion, or it may refer to one in which managers and administration is elected by every worker-owner, and finally it can refer to a situation in which managers are considered, and treated as, workers of the firm. In traditional forms of worker cooperative, all shares are held by the workforce with no outside or consumer owners, and each member has one voting share. In practice, control by worker-owners may be exercised through individual, collective or majority ownership by the workforce, or the retention of individual, collective or majority voting rights (exercised on a one-member one-vote basis). A worker cooperative, therefore, has the characteristic that the majority of its workforce own shares, and the majority of shares are owned by the workforce.'

There is a plaque on the building which reads:

'Wollaston Parish Council

Northamptonshire
Productive Society
(Shoes) Ltd
UK's oldest surviving Workers
Co-operative. Established in 1881
by Wollaston shoemakers in a
Dove House in Thrift Street
and nicknamed
The Duffers.

AD 2004'

Type of documentation of superlative status: Oldest Location of coordinates: By Plaque Web Site: [Web Link]

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Date Logged Log User Rating   01/01/2012 basingstokeboy visited it