Tesla Investor May Table Collective Bargaining Motion at AGM
OSLO/STOCKHOLM - Tesla investor KLP may ask the automaker's annual general meeting to address CEO Elon Musk's reluctance to engage in collective bargaining, the Norwegian pension fund said on Thursday.A strike by Tesla mechanics in Sweden, among the country's longest labour disputes, has for months disrupted the automaker's operations and attracted the concern of several Nordic institutional investors.KLP, Norway's largest pension fund, was a signatory to a December letter sent by Nordic investors expressing their concern about the strike in Sweden and Tesla's reluctance to acknowledge a right to collective bargaining.Aziz said Tesla had not answered the December letter, and KLP was now "trying to figure out how to escalate".When KLP disagrees with the management of a company in its portfolio, it first tries to establish a dialogue with the company, before moving to outline its expectations to the board, Aziz said."We did that before the strikes began, because our portfolio managers w