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English-language coverage of this phenomenon employs several different translations of the original Spanish expression besides ''recovered factory''. Commonly attested ones are ''recuperated factory'', ''reclaimed factory'', and ''worker-run factory''. It is also known as "autogestion" or Workers' Self-management .

In October 2005 the first ''Encuentro Latinoamericano de Empresas Recuperadas'' ("Latin American Encounter of Recovered Companies") in Caracas , Venezuela , with representatives of 263 such companies from different countries living similar economical and social situations. The meeting had, as its main outcome, the ''Compromiso de Caracas'' (Caracas' Commitment); a vindicating text of the movement.


THE ARGENTINE CASE

In the wake of the 2001 Economic Crisis , about two hundred Argentine companies were "recovered" by their workers and turned into Co-operatives . Prominent examples include the Brukman Factory , the Hotel Bauen and FaSinPat (formerly known as Zanon). As of 2005 , about 15,000 Argentine workers run recovered factories. {Link without Title}

Many recovered factories are run co-operatively and all workers receive the same Wage . Important management decisions are taken Democratically by an assembly of all workers, rather than by professional managers.

The proliferation of these "recoveries" has led to the formation of a recovered factory movement, which has ties to the local Left , to some Labor Union s, and to MTDs ( Unemployed Workers Movement s) and the Piquetero s. The movement came to wider prominence in '' The Take '', a 2004 Documentary Film by Naomi Klein and Avi Lewis .




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