October 30, 2019 / 9:34 AM / 21 days ago

FCA-PSA tie-up must be 'merger of equals' with no job cuts: UILM trade union

ROME (Reuters) - A possible tie-up between Fiat Chrysler (FCHA.MI) and Peugeot owner PSA (PEUP.PA) must be a “merger of equals” that leads to no job losses in Italy, Italian trade union UILM leader Rocco Palombella said on Wednesday.

FCA and PSA have confirmed talks over a potential tie-up that could create a $50 billion automotive giant better placed to tackle costly technological and regulatory challenges facing the industry.

Reporting by Francesca Piscioneri, editing by Valentina Za

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below