Fiat Chrysler to meet unions Friday to discuss merger deal with PSA

Fiat Chrysler will meet Italian trade unions in Turin on Friday to talk about the details of a merger deal with French competitor PSA, the FIM-CISL union stated on Wednesday.

Fiat Chrysler (FCA) and PSA confirmed on Wednesday they had agreed to a binding $50 billion merger to form the world’s fourth-largest automaker.

FIM-CISL stated that union representatives would go into the agreement information on Friday and start discussions to guarantee Italian plants’ development and jobs.

FCA has stated that it expects 3.7 billion euros ($4.1 billion) in yearly synergies from the merger with no plant shutdowns.

The union stated that it welcomed the decision of the two companies to include two union representatives to the 11-strong board of the merged group.