PSA trade unions give the nod to merger with Fiat

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PSA trade unions give the nod to merger with Fiat
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The majority of unions representing workers at Peugeot maker PSA are in favour o...

However, the unions said that once the merger deal was signed, they would be seeking detailed information about the plans for the combined company.

“We will remain vigilant about the social impact and await a clearer and more detailed picture of the plan’s implications for plants, volume, and how much work will be given to the foundries,” said Franck Don, representative of the CFTC union. The merger would help the firms pool resources to meet tough new emissions rules and investments in electric and self-driving vehicles, as well as counter a broader downturn in car markets.

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