deborah groban olson

Attorney at Law Specializing in employee ownership and cooperatives

deborah groban olson

Attorney at Law
Specializing in employee ownership and cooperatives

313-331-7821

313-331-7821

Unions

Cooperative Development for Communities and Unions – presentation at New Work New Culture Conference 10-19-14 in Detroit

 

Deb Olson facilitated a Worker Co-op Development workshop at the New Work New Culture conference in Detroit on 10-19-14. Deb provided an overview on all types of co-ops and worker ownership, and an update on the projects of the Center for Community Based Enterprise in the power point "Strategies for Community Wealth Building through Cooperation" as background for a focus on union worker co-ops. The other panelists were Kristen Barker and Phil Amadon, who spoke about the Cincinnati Union Co-op Initiative, and Chris Michalakis from UFCW Local 876 who explained the Local’s participation in Community Growth Partners, a non—profit which is developing a worker owned grocery store chain in metro Detroit through conversion of existing independent groceries. Their goal is creation of a unionized, worker owned grocery chain in Detroit providing the best locally-sourced food.

Franklin Forge: Full Case Study

Unprofitable Subsidiary

Unprofitable subsidiaries are often offered for sale to employees. Employees should approach such opportunities with care and predicate their actions on feasibility studies conducted by skilled consultants who know when to say no to a bad idea. The feasibility and success of the Franklin Forge worker buyout depended on a number of factors including strength and skill of both the workers and management, the community's need for ht plant, the fact that the workers initiated the buyout, and the parent corporations' motivation to sell at a low price and make the deal work.

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MBC Ventures, Inc.- Full Case Study

MBC Ventures, Inc. (formerly “Maryland Brush Company”)
A 100% employee owned old industrial company develops new green tech product with money saved as an S corporation ESOP.

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National Forge: Full Case Study

National Forge Company
Contract ESOP with Formula Vote for Union
Ended by premature sale of management shares

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Rosauers Supermarkets, Inc.: Full Case Study

Rosauers Supermarkets, Inc.
ESOP Organized As a Taft-Hartley Trust

In July 1990 several unions and management at Rosauers Supermarkets, a regional grocery chain of 15 stores headquartered in Spokane, Washington, entered into an ESOP buyout to save 1,250 jobs. The union buyout team was led by Sean Harrigan, then president of the UFCW local union. They developed some interesting procedures to ensure proper protection and representation of unionized employees interests in an employee owned company where high level management employees own a portion of the company outside the ESOP.

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