
Source: AFP
Swedish security institution Folksam said Wednesday it had fixed up its $160 cardinal involvement successful Tesla owed to the electrical carmaker's attack to labour rights.
Folksam said that Tesla's attack to its employees' rights to unionise was "problematic" fixed its concern criteria, and that attempts to power the institution arsenic a shareholder had been ineffective.
"Unfortunately, nary betterment has been seen and a determination has truthful been taken to divest the holding," Folksam said successful a statement.
Folksam told AFP successful an email that the marketplace worth of the holdings was astir 1.6 cardinal kronor ($160 million).
The electrical carmaker has been progressive successful a labour quality with Swedish unions since 2023.
In precocious October of that year, the metallic workers national IF Metall launched a onslaught against Tesla implicit its refusal to motion a corporate wage agreement, and immoderate 130 mechanics astatine 10 Tesla repair shops successful 7 cities walked disconnected the job.
IF Metall past extended the onslaught to see enactment connected Teslas astatine different repair shops which served aggregate brands.
The onslaught past grew into a larger struggle betwixt Tesla and astir a twelve unions seeking to support Sweden's labour model, including postal workers, dock workers and adjacent spreading to neighbouring Nordic countries.
Negotiated assemblage by sector, corporate agreements with unions are the ground of the Nordic labour marketplace model.
Guaranteeing wages and moving conditions, they screen astir 90 percent of each employees successful Sweden and 80 percent successful Denmark.
Tesla main Elon Musk has agelong rejected calls to let the company's employees worldwide to unionise.
Musk's adjacent practice with US President Donald Trump has besides led to calls for boycotts against Tesla.
Acts of vandalism against charging stations and the brand's dealerships has increased, portion respective protests were held connected Saturday extracurricular retail locations successful North America and Europe.
In Sweden, Tesla income declined 63.9 percent successful March and 55.2 percent successful the archetypal 3 months of the year, according to Mobility Sweden.
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Source: AFP