Tag

Nordic Region

All articles tagged with #nordic region

militaryinternational-relations1 year ago•2 min saved

"Sweden Ends Neutrality: Officially Joins NATO After Decades"

Swedish troops participate in a NATO military exercise after the country's recent entry into the alliance, marking a significant shift from its two centuries of non-alignment. The move, prompted by Russia's invasion of Ukraine, has been described as "worth the wait" by Swedish troops, who have long been close partners with NATO. The membership is seen as opening up a "new era" in defense cooperation in the Nordic region, with Sweden's strategic location and capabilities being valued by NATO amid rising tensions with Russia.

via Yahoo! Voices|

#military-exercise #militaryinternational-relations #nato

business2 years ago•2 min saved

"Money Managers Pen Fiery Letter Amidst Tesla's Nordic Dispute"

A group of pension funds and asset managers managing a total of $1 trillion in assets have sent a letter to Tesla CEO Elon Musk, expressing their concerns about the company's attitude towards worker rights in Sweden. The investors, including Denmark's Velliv Pension & Livsforsikring A/S and AkademikerPension, are demanding that Tesla accept collective bargaining agreements for its staff and adhere to the "Nordic Model." The investors highlighted Tesla's sustainability credentials and its significant market share in the region, while also mentioning that Danish fund PensionDanmark A/S recently sold its $69 million stake in Tesla due to the ongoing conflict. The dispute has disrupted Tesla's operations in the Nordic region, with sympathy actions spreading to other trade unions and affecting deliveries, registration plates, and trash collection. The investors have requested a meeting with Tesla's board in early 2024 to discuss the matter.

via Yahoo Finance|

#business #investor-letter #nordic-region

business2 years ago•3 min saved

Elon Musk's Tesla faces labor disputes and shareholder backlash in Nordic countries

Tesla is facing a deepening crisis in the Nordic region as a Swedish court ruled that a labor union blockade of its mail will not be lifted, effectively halting the delivery of cars to customers in its fifth biggest market in Europe. Postal workers are refusing to deliver Tesla's mail in solidarity with employees at Swedish repair shops who went on strike due to the company's refusal to sign a collective agreement. Danish pension group PensionDanmark has publicly dumped its shares in Tesla, and unions in Denmark and Norway have threatened to block shipments of Tesla cars. The breakdown in relations has prompted investor pressure on the carmaker, with other pension funds expressing concerns and urging Tesla to change its behavior.

via Fortune|

#business #elon-musk #investor-pressure