Did you know that at Jegan we are part of the Labour Societies model? This business structure involves the majority of capital being owned by the working members. This approach redefines the ownership structure and transforms the company's internal dynamics and external impact.
At Jegan, we believe in and promote the benefits of this model, which redefines ownership and management and fosters an inclusive, sustainable work environment deeply rooted in the local community. Together, we will explore how this model impacts our organisation and contributes to our surroundings, solidifying our role as agents of positive change.
An inclusive, sustainable, and locally committed model
We describe labour societies as inclusive and sustainable business models because having the majority of ownership in the hands of those working in the company strengthens commitment and alignment with organisational goals. This active participation fosters a collaborative work environment where significant decisions are made consensually, thus promoting resilience in the face of economic and production challenges.
Moreover, one of the most distinctive features of Labour Societies is their local anchorage. At Jegan, we maintain our decision-making and production centre in the Basque region, with our plants in Itziar and Eibar, thus contributing to local development and the regional economy. This local anchorage not only strengthens our connection with the community but also ensures the company's continuity in the long term, even after changes in ownership or retirements, thanks to the ease of generational transition within the Labour Society structure.
Equal opportunities and sustainable growth
Labour Societies also encourage innovation and sustainable growth by promoting the active involvement of everyone in the company. At Jegan, this structure has enabled us to attract and retain talent, which drives efficiency in our production processes. Shared ownership also aligns our employees' interests with the company’s long-term goals, ensuring stable and sustained growth that benefits all involved.
Future and continuous development
As a company committed to the social economy, Jegan views our future as an integral part of our region's economic and social development. Our active participation in social economy networks and collaborations with local institutions reinforces our commitment to the community and allows us to contribute significantly to creating stable, high-quality employment.
For Jegan, being part of a Labour Society helps us achieve our business goals and positions us as active agents of positive change in our community and the business environment. It is a model that not only endures over time but also grows and strengthens through the commitment and participation of everyone involved in our organisation.
