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.
France is set to witness its 14th day of nationwide protests against President Emmanuel Macron's pension overhaul, with left-wing forces and labour unions staging strikes to thwart the changes. The reform, which seeks to raise the pension age to 64 from 62, was signed into law in April, but opponents are still hoping to repeal it through a motion in parliament. The government argues that the changes are necessary for France's financial health, but the opposition insists that the fight against the reform "will never finish."
French President Emmanuel Macron addressed the nation on Monday, acknowledging the anger over raising the retirement age from 62 to 64, but insisting that it was necessary to guarantee everyone's pension. The pension law was enacted on Saturday, sparking protests and strikes across the country. Macron hopes that his address will help the country move away from the period of protests and strikes over the retirement age that threatens the ambitions of his remaining four years in power. Labour unions are vowing to fight on and have called for another mass protest on May 1.
Almost 25,000 private-sector workers in Norway will go on strike from Monday morning after negotiations with employers broke down, and the industrial action is set to escalate in the following days, two major labour unions said. The strike will affect industries such as construction, breweries, ferry operators and manufacturers, including Aker Solutions, Norsk Hydro, and Carlsberg Group's Ringnes unit. The unions are demanding an increase in real wages this year after two years of consumer prices rising faster than nominal wages, citing healthy profits in Norwegian industries.
French workers angry over the government's decision to increase the retirement age to 64 blocked access to a terminal at Charles de Gaulle airport, disrupted train services, and caused garbage to pile up on the streets. Unions are pressuring the government to withdraw the law that delays retirement by two years. President Emmanuel Macron says the legislation will come into force by year-end despite escalating tensions. The schism represents the most serious challenge to Macron since the "Yellow Vest" revolt four years ago.
Nationwide protests are taking place in France after President Emmanuel Macron refused to back down on a controversial pension reform that raises the retirement age by two years to 64. Labour unions have called for a ninth nationwide day of action, with train traffic and airports affected, and teachers among many professions walking off the job. Most protests have been peaceful, but anger has mounted since the government pushed the bill through parliament without a vote last week. The latest wave of protests represents the most serious challenge to the president's authority since the "Yellow Vest" revolt four years ago.
Hundreds of thousands of people are set to strike and demonstrate in France against President Emmanuel Macron's deeply unpopular pension reform, which lifts the retirement age by two years to 64. Labour unions have organised the ninth nationwide day of action, with train traffic and airports affected, and teachers among many professions walking off the job. Most protests have been peaceful, but anger has mounted since the government pushed the bill through parliament without a vote last week. Polls show a wide majority of French opposed to the pension legislation and the government's decision to push it through parliament without a vote.
