Tesla must respect collective bargaining rights, Norway's sovereign wealth fund says

This is the best summary I could come up with:

The electric vehicle producer faces a backlash in the Nordic region from unions and some pension funds over its refusal to accept a demand from Swedish mechanics for collective bargaining rights covering wages and other conditions.

The 2022 proposal, which NBIM said was supported by 32% of those who voted, called on Tesla to adopt a policy of respecting labour rights such as freedom of association and collective bargaining.

Tesla, which has revolutionised the electric car market, has managed to avoid collective bargaining agreements with its roughly 127,000 workers, and CEO Elon Musk has been vocal about his opposition to unions.

In its expectations documents NBIM says that companies it invests in "should engage with workers and their representatives, such as trade unions" in a transparent manner when developing and implementing policies and practices.

Denmark's AkademikerPension said on Friday it would hold on to its $18 million stake in Tesla but added that it kept the car maker on a watch list and expected the parties to find a satisfactory solution to the ongoing conflict.

Sweden's AP1 state pension fund, which held a $187 million stake at the end of June, said keeping a dialogue with Tesla was its preferred course of action over selling its shares.

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6 comments

Odds Musky pulls Tesla out of all Nordic countries instead?
- None. Norway was pretty much the first country to go ałl in on EV and Tesla.
- Nah, he loves money. He loses money by being a stupid fuckwit, but he loves money nontheless.
  
  Except for Twitter, that's just a passion project
This is the best summary I could come up with:
The electric vehicle producer faces a backlash in the Nordic region from unions and some pension funds over its refusal to accept a demand from Swedish mechanics for collective bargaining rights covering wages and other conditions.
The 2022 proposal, which NBIM said was supported by 32% of those who voted, called on Tesla to adopt a policy of respecting labour rights such as freedom of association and collective bargaining.
Tesla, which has revolutionised the electric car market, has managed to avoid collective bargaining agreements with its roughly 127,000 workers, and CEO Elon Musk has been vocal about his opposition to unions.
In its expectations documents NBIM says that companies it invests in "should engage with workers and their representatives, such as trade unions" in a transparent manner when developing and implementing policies and practices.
Denmark's AkademikerPension said on Friday it would hold on to its $18 million stake in Tesla but added that it kept the car maker on a watch list and expected the parties to find a satisfactory solution to the ongoing conflict.
Sweden's AP1 state pension fund, which held a $187 million stake at the end of June, said keeping a dialogue with Tesla was its preferred course of action over selling its shares.
The original article contains 561 words, the summary contains 207 words. Saved 63%. I'm a bot and I'm open source!