I started thinking about this kind of structure after coming across this company making climbing equipment. I think there is something valuable to it, maybe not necessarily for every type of business. Among friends recently there has been some discussion about the fake-ness of businesses saying we're a family while treating people/employees as relatively disposable. This is a bit of a large scale way to address that.
"We are a Cooperative Work company from Basque Country. Our mission is to supply the climbers community with quality protection gear.
The production is entirely made in Hernani (Gipuzkoa). We focus our efforts to improve the production processes and management systems to achieve what is demanded by the customer: good products, competitive price and on time delivery."
https://www.totemmt.com/about-us/
"We are a Cooperative Work company from Basque Country. Our mission is to supply the climbers community with quality protection gear.
The production is entirely made in Hernani (Gipuzkoa). We focus our efforts to improve the production processes and management systems to achieve what is demanded by the customer: good products, competitive price and on time delivery."