The Swedish retirement fund sells its share in Tesla due to the rights of workers economy

The Swedish Retirement Fund “AB7” announced on Friday the inclusion of a company Tesla The American is on his black list, and he attributed his decision to what he described as “confirmed violations” of the rights of unions and workers in the United States, according to the French Press Agency.

In an official statement, the Fund confirmed that “after years of uneducated dialogue with Tesla, the company did not take sufficient measures to address violations related to union rights, which prompted us to take a decision to sell our entire share and include the company on the blacklist.”

Fund spokesman Michael Linde Hook indicated that the quota sold in late May amounted to 13 billion Swedish chores ($ 1.4 billion) and represented 1% of the total assets of the fund.

FILE PHOTO: The logo of car manufacturer Tesla is seen in Bern, Switzerland
The conflict between Tesla and the Swedish unions started in 2023 with an organized strike by the IF Metal Union (Reuters) (Reuters)

The move comes in the context of a long -term dispute between Tesla and a number of Swedish unions, dating back to 2023, when the Swedish Mineral Workers Union “IF Metal” launched a strike in protest against the company’s refusal to sign a collective agreement for wages.

The strike later expanded to include 12 other unions seeking to protect the Swedish union model, and the conflict extended to the neighboring countries of northern Europe.

According to the agency, Tesla CEO is known Elon Musk His public opposition to the formation of unions in the company’s facilities around the world, as it repeatedly refused to allow employees to join labor federations.

Mask also sparked additional criticism for his approach to the former US president Donald TrumpThis prompted some parties to launch calls to boycott Tesla.

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