PSA sets up fund for staff, health check measures due to coronavirus

French automaker and Peugeot owner PSA stated on Wednesday the creation of a solidarity fund to assist workers affected by the closures of plants because of the coronavirus outbreak, and new steps to protect the health of its workers.

PSA stated it was forming the fund, ensuring the full compensation to every employee working in France during this period of partial activity because of the coronavirus.

It will be funded through reduction of two days of holidays from managers, one day from workers and by a contribution from the company, said PSA.

This week, PSA secured an additional 3 billion euros ($3.3 billion) in loans.

Coronavirus has so far infected more than 1,601,018 people and killed more than 95,718 people worldwide. In France, it has killed 12,210 and infected over 86,334 people.