Fagor Electrical Appliances is part of the Mondragón Corporation, a
group of cooperatives and companies originating in the Basque Country
and currently extended throughout Spain and over five continents. The
Mondragón Corporation is the first business group in the Basque Country
and the seventh in Spain, as well as being the largest cooperative
group in the world. In late 2009 it had 85,066 workers. Its
headquarters are located in the city of Mondragón.
It was created in 1941 with the aim of
working hard for the coexistence and development of formulas that would
enable the creation of additional employment possibilities. The network
was formed on the basis of a common culture deriving from the 10 Basic
Cooperative Principles: Voluntary
Membership, Democratic Organisation, Sovereignty of Work, Practical and
Subordinate Nature of Capital, Participatory Management, Wage
Solidarity, Intercooperation, Social Transformation, Universal Nature
This inspiring philosophy is complemented
by the definition of four Corporate Values: cooperation, acting as
owners and protagonists; participation
, resulting in management commitment; social responsibility
, through a fair distribution of wealth, and innovation
aimed at ongoing modernisation in all areas.
Appliances is the consolidation of the first nascent cooperative
founded in 1956 as part of the Mondragón cooperative experience.
Fagor Electrodomésticos is Europe's fifth largest manufacturer, with a global market share
of 5.2% (data from December 2009), and has 19 production plants in six
countries on three continents.
The research is part of a series of recently created Living Labs
(Bizinet) about people in the home. Its team includes employees of
several companies from the Mondragón Corporation: Fagor Electrical
Appliances, Fagor Hometek, Fagor Group Electrical Appliances'
innovation centre, Ikerlan Research Centre and University of Mondragon
(both the School of Engineering and Faculty of Business).Year founded:
1956 (Fagor Electrical Appliances) and 2011 (Bizinet)Workers:
3,000 in Cooperative / 8,500 in GroupTurnover
: 1400 milioi www.fagor.com