The power struggle between the union IF Metall and Tesla Motor Sweden AB (TM) has been going on since October 2023. Now another organization is trying to put pressure on (TM). Since IF Metall took its members out on strike on 27 October 2023, AMF becomes the 11th organization to try to put pressure on (TM).
This time it is the pension company AMF, owned by the union Landsorganisationen (LO) and Swedish Business Confederation, which is demanding transparency into (TM's) anti-union policy with the help of American lawyers. AMF owns $171 millions worth of Tesla shares.
AMF's head of asset management Tomas Flodén states that the company is trying to persuade other Nordic investors to support a shareholder proposal at the company's annual general meeting on June 13, 2024. The proposal means that (TM) should adopt a policy which means that they should not oppose employees who try to organize themselves into a union. AMF also wants (TM) to enter the negotiations concerning the "voluntary" collective agreement with good intentions. Tomas Flodén states that the company is "fairly optimistic" that many owners will vote for the proposal.
Personally, I hope (TM) does not give in to these pressures. Being able to legally use the help of 10 unions and now a shareholder to get someone to sign something that according to their own statutes is voluntary is an approach that most likely even makes the mafia green with envy.
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