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+--- Thread: Union power (/showthread.php?tid=67196)
Re: Union power - lew600fazer - 18-03-14
(18-03-14, 12:36 AM)mtread link Wrote: Erm ....... I think you will find that since its last little 'problems' the Co-Op bank is no longer a cooperative, owned by its members :rolleyes
Nearest comparison is a Building Society like the Nationwide. But anyway they are all members co-operatives, not workers co-operatives.
As a customer of the Nationwide, you own part of the organisation. As a customer of Waitrose you don't.
As an employee of the Nationwide, you don't own part of the organisation. As an employee of Waitrose you do.
The CO- OP bank is or was part of the Britainia Building society so as the members own the building socety they have a share in the CO OP bank do they not??
Re: Union power - richfzs - 18-03-14
Wrong way round, lew... The coop took over the brittania - brittania now exists solely as a trading name for the coop.