After 2001, when Argentina defaulted on its massive foreign debt many firms went into bankruptcy. The paper deals with the issues arising of closure of factories, when workers were forced to find innovative solutions to save their jobs and, instead of folding their arms and going home, they decided to "occupy, resist and produce". WRCs are a sub-category of workers’ cooperatives born as a spontaneous response to the destruction of real economy. Workers have taken over previously existing businesses that have gone bankrupt and ceased activity, to then recommence production in the absence of the old owner. In many cases the court ruled that the machines should go to the workers. Workers seek to enact principles of equity, a value that is reflected in their internal democratic institutions and self-management horizontal organising structures. In this period of global economic crisis WRCs represent a viable production mode, a different and alternative vision of human and labour relations and, perhaps, an important contribution to save Europe.
Keywords: Worker-recovered companies, cooperatives, re-appropriation, selfmanagement, equity, Argentina