Worker co-operatives and the phenomenon of empresas recuperadas in Argentina: an analysis of their potential for replication

Melanie Howarth

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Argentina experienced its most devastating economic crisis in December 2001, which plunged much of the country, the lower and middle classes alike, into poverty. The crisis coincided with the emergence of a phenomenon which has since been qualified as revolutionary: the empresas recuperadas, literally translated as recuperated or recovered companies. Essentially, the term refers to businesses, for the most part factories, whose management has been taken over by their workers.