UPDATE 1-European labour unions fret about jobs in Fiat Chrysler-PSA deal

PARIS/MILAN, Oct 31 (Reuters) – European labour unions have called on Peugeot owner PSA and Fiat Chrysler to avoid job cuts and factory closures as the two major carmakers prepare to tie the knot, underscoring worries about the $50 billion deal as the regional economy falters. As PSA and Fiat Chrysler detailed plans on Thursday to create the world’s No. 4 automaker, IG Metall, Germany’s largest union by members, said it would seek to preserve the autonomy of the French carmaker’s German unit Opel. The two groups have said no plants would be closed and an existing arrangement …read more

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