Tesla shares placed on Danish pension fund’s exclusion listing

A Danish pension fund determined to promote its Tesla share to help IF Metall’s strike towards the Texas-based automaker in Sweden. 

Pension Danmark is likely one of the largest pension funds in Denmark. It manages pensions for about 823,000 Danes and has 317.3 billion Danish crowns underneath its asset administration. On Wednesday, Pension Danmark introduced plans to promote all its holdings in Tesla to help IF Metall’s strike in Sweden. 

“Within the mild of the battle now spreading to Denmark in addition to Tesla’s current very categorical refusal to enter a labor union settlement in any nation, we’ve got come to the conclusion that we as buyers at current hardly can affect the corporate. That’s the reason we’re now placing Tesla on our exclusion listing,” introduced the pension fund. 

In late November, IF Metall sought help for its strike towards Tesla Sweden throughout Europe and america. The United Auto Staff (UAW) union within the U.S. seemingly answered IF Metall’s name because it introduced union drives for 13 non-unionized automakers in america, together with Tesla. 

Norway despatched a transparent message that it will help IF Metall’s strike towards Tesla. Norwegian union Fellesforbundet acknowledged it will do no matter is important to maintain Tesla autos from going to Sweden. Denmark and Norway mentioned they’d block transit shipments of Tesla autos meant for Sweden. 

The first function of IF Metall’s strike is to get Tesla Sweden to signal a collective settlement, a standard observe between employers and unions in Sweden. Nonetheless, Tesla Sweden has a direct order from Elon Musk to chorus from signing a collective settlement. 

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Tesla shares placed on Danish pension fund’s exclusion listing

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