3.14.2024

This will come back to bite the unions, part 14

Another union that is in conflict with a large company is Sweden's Engineers, which demands that Spotify sign a collective agreement. After sitting in negotiations with the union, Spotify chose to leave the negotiations in August 2023.

Instead, Spotify has chosen to move large parts of its operations outside of Sweden. Recently, Spotify terminated the lease for almost 240,000 square meters of office space.

It can be added that Klarna Bank AB and Amazon.com, Inc. Common Stock are also on a collision course with the Swedish unions. The greed of the unions will lead to many Swedes losing their jobs.

No comments:

Post a Comment

Can go either way

Yesterday I bought a small number of shares of Pfizer, Inc. Common Stock (PFE) . The reason we continue to trade shares in (PFE) is that we ...