COPENHAGEN — PensionDanmark, one in every of Denmark’s largest pension funds, mentioned on Wednesday it had determined to promote its holdings in Tesla over the U.S. auto firm’s refusal to enter into agreements with labour unions.
The choice is a part of a rising Nordic motion to drive Tesla to signal collective bargaining agreements with Swedish mechanics, who’ve been on strike since October.
Labour unions in Norway and Denmark this week mentioned they’d begin blocking transit shipments of Tesla vehicles meant for the Swedish market.
Tesla has a coverage of not agreeing to collective bargaining and says its workers have nearly as good or higher phrases than these the Swedish union is demanding.
“In the light of the conflict now spreading to Denmark as well as Tesla’s recent very categorical refusal to enter a labour union agreement in any country, we have come to the conclusion that we as investors at present hardly can influence the company,” the pension fund mentioned in an emailed assertion.
“That is why we’re now putting Tesla on our exclusion list,” it mentioned.
PensionDanmark, which manages pensions for 823,000 Danes, has 317.3 billion Danish crowns ($45.81 billion) below asset administration.
The fund didn’t say how huge its holdings in Tesla are.
