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Mondragon Corporation

Wikipedia · 2026

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2026-09-01

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EstablishedFagor Electrodomésticos, Mondragon's founding cooperative, filed for insolvency on 16 October 2013, putting about 5,600 jobs at risk; its French subsidiary followed in November, and the business was bought by Cata in July 2014.EstablishedMondragon cooperatives set maximum pay ratios between their highest and lowest earners that range from 3:1 to 9:1, averaging about 5:1; in 2022 the ULMA group and Orona voted to leave the corporation.