3F commerce union on sympathy strike in opposition to Tesla invests in TSLA: report

Just some days in the past, considered one of Denmark’s largest unions, 3F, introduced that it could be initiating a sympathy strike in opposition to Tesla over the electrical car maker’s lack of a collective settlement in Sweden. Tesla and union IF Metall have been clashing for a number of weeks now, and neither aspect appears able to again down. 

Jan Villadsen, head of 3F Transport, had some robust phrases to say in opposition to Tesla and its CEO, Elon Musk. “Even in case you are one of many richest folks on the earth, you possibly can’t simply make your personal guidelines. We have now some agreements on the labor market within the Nordics, and it’s a must to adjust to them if you wish to do enterprise right here,” Villadsen mentioned in a remark to the Monetary Instances

In a current report, Frihedsbrevet (The Freedom Letter) revealed that whereas 3F is taking a powerful public stance in opposition to Tesla, the union truly holds a reasonably substantial stake within the electrical car maker by PensionDanmark, its pension firm. The publication famous that so far, 3F holds about DKK 400 million ($57.8 million) price of TSLA shares. 

Regardless of the electrical car maker’s inventory not seeing an increase as insane as in 2020-2021, the place the corporate’s market cap grew from about $117 billion to over $1 trillion, TSLA shares are nonetheless up 94% year-to-date. With this in thoughts, it could seem that 3F’s pension firm has thus far made some good cash investing in Tesla. Apparently, when requested by Frihedsbrevet about 3F’s TSLA stake, Villadsen famous that he’s not going to start out saying that 3F can’t spend money on TSLA anymore. 

“Effectively, Rome wasn’t inbuilt someday. As a result of we despatched a battle discover at the moment, it’s not like I’m going around the globe saying that now they will’t spend money on Tesla anymore. You don’t promote shares for tons of of thousands and thousands in a single fell swoop. 

“We even have an obligation to those that have their pension funds right here, so it have to be executed correctly. So it’s not one thing I’m going to name a rare board assembly about, if that’s what you’re asking. However in fact it comes up on the board conferences; that’s how it’s,” Villadsen mentioned. 

Tesla CEO Elon Musk, for his half, has not proven any indicators that he’s prepared to strike a cope with IF Metall in Sweden. In a response to a publish on X in regards to the matter, Musk famous that the state of affairs unfolding in Sweden is insane. IF Metall, then again, has been seeing sympathy strikes spreading to a number of different industries within the nation. 

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3F commerce union on sympathy strike in opposition to Tesla invests in TSLA: report

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