Relief for PSA’s Vauxhall workers in Ellesmere Port as there will be no factory closures
Peugeot and Fiat Chrysler have agreed terms of a £38bn (€34bn) merger that will create the world’s fourth largest carmaker, the companies announced on Wednesday.
The two parent companies, PSA Group and Fiat Chrysler Automobiles, confirmed there will be no plant closures as part of €3.7bn in cost savings from the merger, a key concern for more than 1,000 workers at PSA’s Vauxhall factory in Ellesmere Port.
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