FCA union says keeping plants open doesn't mean guaranteeing jobs

This post was originally published on this site

https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEFBJ1BF_L.jpg

TURIN, Italy (Reuters) – The head of the one of the main union groups at Fiat Chrysler said on Friday a pledge by the Italian-American carmaker and France’s PSA not to shut plants under their recently announced merger deal does not guarantee job levels will stay the same.

Francesca Re David, leader of the FIOM-CGIL labor group, one of the most important union bodies representing the company’s workers, was speaking in Turin before meeting FCA’s managers to discuss details of the merger.

Both companies have pledged not to close any plants as part of the accord.

“When things are put in writing, I tend to trust them and have no reason to be doubtful, but not shutting down plants does not mean guaranteeing job levels, given that in Italy the plants are already running at half their capacity,” she told reporters.

FCA and PSA said on Wednesday they had agreed a binding $50 billion tie-up to create the world’s fourth-largest carmaker.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.