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Danish Pension Fund

All articles tagged with #danish pension fund

business2 years ago

Tesla's Troubles in Scandinavia: License Plate Disputes and Union Conflicts

Danish pension fund, Pension Danmark, has decided to sell all its holdings in Tesla in support of IF Metall's strike against the automaker in Sweden. The fund cited Tesla's refusal to enter a labor union agreement and the spreading conflict as reasons for divesting. Other countries, including Norway, have also expressed support for the strike, with plans to block transit shipments of Tesla vehicles meant for Sweden. The primary goal of the strike is to get Tesla Sweden to sign a collective agreement, but the company has been instructed by Elon Musk to refrain from doing so.

business2 years ago

Tesla Faces Growing European Union Dispute and Blockade as Scandinavian Countries Join Forces

Danish pension fund PensionDanmark has decided to sell its holdings in Tesla due to the company's refusal to enter into agreements with labour unions. This decision aligns with a growing Nordic movement to pressure Tesla into signing collective bargaining agreements with Swedish mechanics. Labour unions in Norway and Denmark have announced plans to block transit shipments of Tesla cars destined for the Swedish market. Tesla maintains that its employees have favorable terms and rejects collective bargaining. PensionDanmark manages pensions for over 800,000 Danes and has approximately $45.81 billion under asset management.