Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Top union sets sights on works council at Tesla's German gigafactory

Published 05/07/2021, 08:51 AM
Updated 05/07/2021, 10:52 AM
© Reuters. FILE PHOTO: The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann
TSLA
-

By Ilona Wissenbach and Jan Schwartz

FRANKFURT (Reuters) - Germany's largest and most powerful union IG Metall has set its sights firmly on setting up a works council at Tesla (NASDAQ:TSLA)'s gigafactory near Berlin, which is scheduled to open later this year, its head Joerg Hofmann said.

The U.S. electric carmaker is hiring for the site in Gruenheide, whose opening was pushed back in April due to red tape as well as a decision to include a battery cell manufacturing plant.

Organised labour will be an issue for the group in Germany, not only home to some of the world's biggest and most famous carmakers but also to powerful unions that command significant say over strategic matters.

Tesla was not immediately available for comment.

"So far I have not been in contact with (Tesla CEO) Elon Musk. Why should I be, or he? Tesla is now hiring in Gruenheide, in the land of co-determination and collective bargaining agreements. Tesla's management knows this," Hofmann told Reuters.

"If the team for Gruenheide is on board we will establish a works council with the employees and organise them."

Hofmann's comments, coming shortly after a report in Business Insider saying that German authorities are probing possible violations of labour laws at the Gruenheide site, suggest Tesla will have a tough time avoiding organised labour in Europe's top economy.

Hofmann said that while meaningful talks with Tesla in Germany were not easy due to numerous leadership changes that have taken place at the carmaker, IG Metall welcomed Tesla's decision to establish itself in Germany.

In October, Tesla's executive overseeing construction of the Gruenheide factory left his position, a source familiar with the matter said at the time, following the departure of Jochen Rudat, head of Germany, a year earlier.

"It's the first big investment in a new factory in the automotive sector since the turn of the millennium," Hofmann said.

© Reuters. FILE PHOTO: The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann

He said that finding skilled workers in Germany would be a challenge, adding Tesla will have to adhere to the standards of the local labour market.

Hofmann a day earlier had warned that Germany's car industry was facing an "employment fiasco" unless it gets badly needed investment in new technologies, especially in batteries.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.