The Cope shares profits with employees

The Cope, or more formally known as The Templecrone Co-operative Agricultural Society Ltd, are celebrating the fourth successful year of their profit-sharing scheme with their employees.

For the financial year ending January 2024, 15% of the co-op’s profits have been shared among employees, demonstrating the organisation’s commitment to its team and recognising their valuable contribution to the business.

The 118-year-old business, with locations in Dungloe, Annagry, Falcarragh, and Kincasslagh, employs over 100 people in West Donegal. Chief Executive Mark Sharkey expressed his pride in the team, stating, “This marks our fourth consecutive year of profit sharing, a testament to the hard work and dedication of our employees. Despite challenges like inflation, rising business and energy costs our team has played a crucial role in ensuring The Cope remains strong and successful.”

Board Chairman, Pat Dunleavy, emphasised The Cope’s rich heritage in west Donegal, saying, “Since its founding by Paddy the Cope Gallagher in 1906, this cooperative has prioritised reinvesting in its community and team. Profit-sharing is a continuation of Paddy’s legacy, ensuring that the benefits of our success flow directly back to those who make it possible.”

Sharkey added: “In today’s economic environment, recognising and appreciating our team has never been more critical. As we look ahead to 2025, we remain focused on adapting to challenges while staying true to our cooperative values. This initiative is not only a gesture of gratitude but also a reflection of our long-term commitment to sustainability and community-driven growth.”

The Cope’s commitment to its profit-sharing scheme continues to set it apart as a leading cooperative, fostering a culture of appreciation, collaboration, and mutual success.