Mondragon Annual Report 2018

Summary

The year 2018 has been, in general terms, a good year for the member cooperatives of MONDRAGON. An overview of the main figures of the year leads to the conclusion that the outcomes of the year have been positive: last year’s sales have been improved, we have created jobs and we have increased the sustainability of the businesses. One of the most noteworthy aspects has been industrial employment, whose upward trend confirms, once more, the capacity to create new jobs in this field. Our industry has generated over 8,000 jobs in the last five years, of which 57% (4,589) were created locally. This is, without a doubt, the best contribution that cooperatives can make to society. Moreover, industrial investment is progressing steadily; over 1,400 million euros have been invested during the last five years. The main purpose of these investments have been new implementations -we already have 141 subsidiaries abroad with a workforce of over 14,400 people – and improvement of facilities, without mentioning the development of new products and services.