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If Metall

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business2 years ago

"Nordic Investors Rally for Resolution in Tesla's Swedish Labor Dispute"

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.

via TESLARATI|
#business#collective-agreement#if-metall
labor-relations2 years ago

Tesla Sweden strike sparks international labor dispute concerns

Tesla Club Sweden estimated that 10% of Tesla Sweden's service technicians have joined the strike organized by IF Metall, but the Swedish union has denied the accuracy of this count and has not provided its own figures. The strike has gained support from other unions and organizations in Sweden, but it seems that not all Tesla workers are participating, as the strike only involves workers within IF Metall's contractual area. The IG Metall union in Germany has also commented on the strike, stating that the initiative to unionize should come from employees themselves.

via TESLARATI|
#if-metall#labor-relations#strike
business2 years ago

Norwegian Fund Pressures Tesla Sweden to Sign Collective Agreement

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.

via TESLARATI|
#business#collective-agreement#if-metall
labor-relations2 years ago

Tesla Faces International Labor Disputes and License Plate Setbacks

German trade union IG Metall has deemed the strike by Swedish union IF Metall against Tesla Sweden as illegal. IG Metall stated that striking for political reasons would violate the duty to work and could result in action being taken against the employees. Most Tesla Sweden employees have chosen not to participate in the strike, citing good working conditions and decent wages. IF Metall argues that collective agreements are culturally significant in Sweden, while IG Metall believes that the decision should come from the employees themselves. The fight between IF Metall and Tesla Sweden has led to court cases and calls for strikes against Tesla in other countries.

via TESLARATI|
#if-metall#ig-metall#labor-relations
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.

via TESLARATI|
#business#danish-pension-fund#exclusion-list
business2 years ago

Tesla Sweden Faces Mounting Pressure as IF Metall Plays its Trump Card

IF Metall, the union representing Tesla Sweden workers, has blocked the automaker from receiving new license plates for vehicle orders, putting pressure on Tesla's operations. The Swedish Transport Agency refuses to change postal providers, leaving Tesla in a tough spot. Several trade unions have joined the strike, impacting Tesla's operations, including the refusal to repair charging stations, paint vehicles, and clean Tesla premises. While the blockade does not immediately impact deliveries, it may affect Tesla in the long run.

via TESLARATI|
#business#if-metall#operations
business2 years ago

Tesla Sweden customers express frustration as strike intensifies

Tesla customers in Sweden are criticizing the IF Metall union as their strike against the car company escalates. The strike has expanded to all ports nationwide, affecting customers waiting for car deliveries. Additionally, Seko has joined the strike, blocking shipments to Tesla workshops and affecting Tesla owners across the country. Customers are expressing frustration as approved Tesla body repair shops have also been affected by the strike, leaving them unable to get their vehicles repaired. IF Metall's contract secretary acknowledges the impact on customers but argues that strikes often affect third parties and calls for a collective agreement to address the issues.

via TESLARATI|
#business#customer-dissatisfaction#if-metall