Isthmus Engineering and Manufacturing
Isthmus Engineering and Manufacturing
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Worker co-ops can also be found in the high tech sectors. Isthmus Engineering and Manufacturing (IEM) has been providing services for over three decades: custom assembly, robotic integration, system integration, material handling, web handling, and vision inspection. It serves automotive, consumer products, medical, industrial, and solar in the State of Wisconsin. There are about 32 employee-owners out of 50 workers creating more than $20 million in annual revenue.
After working at the firm for two years employees can apply for membership. The buy-in share has been set to the price of a small car (currently around $25,000) and can be paid in installments through paycheck deductions.