All articles tagged with #collective agreement
Swedish car mechanics are on a two-year strike against Tesla over union rights and collective bargaining, challenging Sweden's traditional industrial relations model. Tesla refuses to negotiate a collective agreement, leading to ongoing industrial action supported by other unions and affecting Tesla's operations in Sweden. The dispute highlights tensions between Tesla's management and Swedish labor norms, with uncertain prospects for resolution.
Nordic investors in Tesla (TSLA) are urging the company to sign a collective agreement with Swedish union IF Metall to resolve an ongoing conflict. Sixteen major investors have sent a letter to Tesla expressing their concern and stating that they may sell their TSLA shares if the agreement is not reached. The investors want to meet with Tesla's management in early 2024 to discuss the possibility of signing the agreement. So far, only one Danish fund has sold its Tesla holdings, while other Nordic investors are closely watching the situation.
Tesla is facing a wave of strikes in Sweden, with several labor unions in nearby countries joining in solidarity. The Swedish workers are demanding a collective agreement, which is common in the country. The strikes have caused disruptions to Tesla's operations, including the halting of license plate deliveries and refusal to unload vehicles. While the Swedish market may not be crucial for Tesla, giving in to the strikes could have reputational consequences. Unions fear that if Tesla agrees to a collective agreement in Sweden, it may set a precedent for other countries. The striking workers are partially funded by unions, making it a significant battle for both Tesla and Swedish unions.
The labour dispute between Tesla and its repair workshop mechanics in Sweden has spread to Denmark, Finland, and Norway, as the company continues to resist signing a collective agreement with its Swedish employees. The strike has gained international support, with transporters, electricians, cleaning staff, and car dealerships joining the movement. The solidarity strike has provoked outrage from Elon Musk, who described it as "insane." Powerful pension funds in the Nordic region have criticized Tesla's conduct, and some investors have sold their Tesla holdings. The strike poses a significant threat to Tesla's image and could potentially inspire unionization efforts among Tesla employees in other countries.
The Norges Bank Investment Bank (NBIM), a major shareholder in Tesla, has urged Tesla Sweden to sign a collective agreement with IF Metall, a Swedish labor union. NBIM, which operates the Norwegian fund, supports IF Metall's ongoing strike against Tesla and expects companies it invests in to respect labor rights. While NBIM has not announced plans to divest its Tesla shares, other Nordic pension funds, such as Pension Danmark, have put Tesla on their exclusion lists. However, Swedish pension funds API and AP4 are closely monitoring the situation but have not found grounds to divest their Tesla shares.
Mechanics working for Tesla in Sweden went on strike in October, and the labor action has since spread to include other unions in Scandinavia. The unions are pressuring Tesla to sign a collective agreement with its Swedish workers. The strike has gained support from dockworkers in Denmark, and a regional pension fund, PensionDanmark, has sold its shares in Tesla due to the company's refusal to reach collective agreements. Tesla has not responded to the strike and has previously expressed disagreement with the idea of unions. The strike poses a potential threat to Tesla's business in Sweden, where its Model Y is a popular electric vehicle.
Danish trade union 3F, which recently initiated a sympathy strike against Tesla over the lack of a collective agreement in Sweden, has been revealed to hold approximately $57.8 million worth of Tesla (TSLA) shares through its pension company. Despite publicly criticizing Tesla and its CEO Elon Musk, 3F seems unwilling to divest from the company. Meanwhile, Elon Musk shows no signs of compromising with the union, while sympathy strikes spread to other industries in Sweden.
The strike against Tesla Sweden intensifies as the IF Metall union gains support from additional organizations, including Seko, Fastighets, and the Swedish Trade Union Confederation (LO). Fastighets will stop cleaning Tesla premises, while Seko plans to block deliveries and collections to or from Tesla's offices and workshops. Seko's union president accuses Tesla of trying to gain a competitive advantage by offering worse wages and conditions than those provided by a collective agreement. LO is prepared to escalate the conflict and potentially drive Tesla out of Sweden if it refuses to sign a collective agreement.
Tesla mechanics in Sweden have been on strike for over a week, demanding a collective labor agreement. Dockworkers at the country's largest ports have pledged to support the strike by refusing to unload shiploads of Teslas. The trade union IF Metall has been urging Tesla to enter into talks for a collective agreement, which would cover wages and benefits for around 120 mechanics employed by the automaker in Sweden. Despite Sweden being a relatively small market for Tesla, the strike and potential involvement of other unions have prompted the company to schedule a meeting with the union representatives.