Pension fund AP7, which stands for Seventh AP Fund, has blacklisted and fully divested from US electric vehicle giant Tesla. The pension fund wrote in a statement, "AP7 has decided to blacklist Tesla due to verified violations of labour rights in the United States." AP7 also highlighted that, "Despite several years of dialogue with Tesla, including shareholder proposals in collaboration with other investors, the company has not taken sufficient measures to address the issues."
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For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org. For previous full issues of the Collective bargaining newsletter please visit https://www.etui.org/Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.eu.
You may find further information on the ETUI at www.etui.org.