Ohio Employee Ownership Center
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Ohio Employee Ownership Center
The Ohio Employee Ownership Center (OEOC) is an organization based at Kent State University which provides employees of businesses in Ohio with resources for establishing Employee Share Ownership Plans through worker buyouts of companies. The organization's first effort was the attempted worker buyout of the Atlantic Foundry Company from 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 as DimcoGray.Worker-Owners and Unions
by Dan Bell The organization has served as the inspiration for similar organizations which bring organized labor and cooperative federations together, such as the ...
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Kent State University
Kent State University (KSU) is a public research university in Kent, Ohio. The university also includes seven regional campuses in Northeast Ohio and additional facilities in the region and internationally. Regional campuses are located in Ashtabula, Burton, East Liverpool, Jackson Township, New Philadelphia, Salem, and Warren, Ohio, with additional facilities in Cleveland, Independence, and Twinsburg, Ohio, New York City, and Florence, Italy. The university was established in 1910 as a normal school. The first classes were held in 1912 at various locations and in temporary buildings in Kent and the first buildings of the original campus opened the following year. Since then, the university has grown to include many additional baccalaureate and graduate programs of study in the arts and sciences, research opportunities, as well as over and 119 buildings on the Kent campus. During the late 1960s and early 1970s, the university was known internationally for its student act ...
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Employee Share Ownership Plan
Employee stock ownership, or employee share ownership, is where a company's employees own shares in that company (or in the parent company of a group of companies). US employees typically acquire shares through a share option plan. In the UK, Employee Share Purchase Plans are common, wherein deductions are made from an employee's salary to purchase shares over time. In Australia it is common to have all employee plans that provide employees with $1,000 worth of shares on a tax free basis. Such plans may be selective or all-employee plans. Selective plans are typically only made available to senior executives. All-employee plans offer participation to all employees (subject to certain qualifying conditions such as a minimum length of service). Most corporations use stock ownership plans as a form of an employee benefit. Plans in public companies generally limit the total number or the percentage of the company's stock that may be acquired by employees under a plan. Compared with ...
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Atlantic Foundry Company
The Atlantic Foundry Company was an Akron, Ohio-based iron casting manufacturer that operated from 1905 to 1989. The company was founded by Charles Reymann Sr., an immigrant from Alsace-Lorraine, along with 4 fellow foundryman, Ewald Erickson, Emil Krill, Fred Spalding, and Phillip Willenbacker, who had crossed the Atlantic Ocean when they migrated to America and named their new business The Atlantic Foundry. To meet the growing demand for iron, in 1910 they built a modern iron foundry at 182 Beaver Street and in 1919 they added a huge steel foundry at the same site and began a steel casting business. By this time Erickson and Krill had sold their interest to Reymann and he eventually became the President of the company, and the company was privately owned and operated by the Reymann family until its closing. At its peak, the company employed 450 people, including its It operated its own credit union. The company also created a division called Akron Mattress Co., which was ...
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Prairie Labor-Worker Co-op Council
Prairies are ecosystems considered part of the temperate grasslands, savannas, and shrublands biome by ecologists, based on similar temperate climates, moderate rainfall, and a composition of grasses, herbs, and shrubs, rather than trees, as the dominant vegetation type. Temperate grassland regions include the Pampas of Argentina, Brazil and Uruguay, and the steppe of Ukraine, Russia and Kazakhstan. Lands typically referred to as "prairie" tend to be in North America. The term encompasses the area referred to as the Interior Lowlands of Canada, the United States, and Mexico, which includes all of the Great Plains as well as the wetter, hillier land to the east. In the U.S., the area is constituted by most or all of the states of North Dakota, South Dakota, Nebraska, Kansas, and Oklahoma, and sizable parts of the states of Montana, Wyoming, Colorado, New Mexico, Texas, Missouri, Iowa, Illinois, Indiana, Wisconsin, and western and southern Minnesota. T ...
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Canadian Worker Cooperative Federation
Canadians (french: Canadiens) are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of their being ''Canadian''. Canada is a multilingual and multicultural society home to people of groups of many different ethnic, religious, and national origins, with the majority of the population made up of Old World immigrants and their descendants. Following the initial period of French and then the much larger British colonization, different waves (or peaks) of immigration and settlement of non-indigenous peoples took place over the course of nearly two centuries and continue today. Elements of Indigenous, French, British, and more recent immigrant customs, languages, and religions have combined to form the culture of Canada, and thus a Canadian identity. Canada has also been strongly influenced by its linguistic, geographic, and ...
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Canadian Labour Congress
The Canadian Labour Congress, or CLC (french: Congrès du travail du Canada, link=no or ) is a national trade union centre, the central labour body in Canada to which most Canadian labour unions are affiliated. History Formation The CLC was founded on April 23, 1956, through a merger of the Trades and Labour Congress of Canada (TLC) and the Canadian Congress of Labour (CCL), the two major labour congresses in Canada at the time. The TLC's affiliated unions represented workers in a specific trade while the CCL's affiliated unions represented all employees within a workplace, regardless of occupation. The trades-based organizational model, which strongly continues today especially in the building and construction industries, is based in older European traditions that can be traced back to guilds. However, with industrialization came the creation of a new group of workers without specific trades qualifications and, therefore, without ready access to the representation offered ...
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Employee-owned Companies Of The United States
Employee stock ownership, or employee share ownership, is where a company's employees own shares in that company (or in the parent company of a group of companies). US employees typically acquire shares through a share option plan. In the UK, Employee Share Purchase Plans are common, wherein deductions are made from an employee's salary to purchase shares over time. In Australia it is common to have all employee plans that provide employees with $1,000 worth of shares on a tax free basis. Such plans may be selective or all-employee plans. Selective plans are typically only made available to senior executives. All-employee plans offer participation to all employees (subject to certain qualifying conditions such as a minimum length of service). Most corporations use stock ownership plans as a form of an employee benefit. Plans in public companies generally limit the total number or the percentage of the company's stock that may be acquired by employees under a plan. Compared with ...
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