Aluminum parts producer Hydro Extrusions faces loss of revenue and customers due to sympathy strike
When the Swedish union IF Metall targeted Tesla's Berlin Gigafactory last month with a strike, one of the key players was Hydro Extrusions, a major regional supplier of aluminum parts for Tesla's Model Y. Despite having its own collective agreement, Hydro Extrusions now fears losing Tesla's business due to the dispute. With 850 local jobs at stake, CEO Jonas Bjuhr has already secured permission for potential layoffs if the strike drags on.
The first affected of the sympathy strikes in Sweden
(as we know of)
This is because IF Metalls methods and their belife of stopping Tesla with a sutch a measure.
This is insanity squared!
The CEO of Hydro Extrusions says:
- The bigger question here is what proportions a… pic.twitter.com/uJjaKWycOy
— Nicklas ???T???♻️? (@NicklasNilsso14) December 8, 2023
Supplier "Affected from Day One" of Strike
Bjuhr told media that the strike has hampered Hydro Extrusions "from day one", causing immediate revenue losses. With electric vehicles representing a "strongly growing market" for aluminum auto parts, Bjuhr worries the strike could "reduce the confidence of Swedish suppliers". Prolonged disruption may allow international rivals to "take over" Hydro Extrusions' business.
20 Employees Covered By Tesla Strike So Far
Around 20 staff, mostly in Vetlanda, have so far been directly impacted. While reassigned internally for now, Bjuhr warns "redundancies" may become "inevitable" if the dispute continues. Union leader Veli-Pekka Säikkälä defends targeting suppliers like Hydro Extrusions as a "way to increase the pressure" on Tesla's non-unionized German operation.
Aluminum parts for electric cars is a strongly growing market, and if the strike goes on for a long time, it could reduce the confidence of Swedish suppliers. Then other suppliers will take over