Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
HomeAll NewsMost read newsBusiness Leaders Biography
Birthday : 08/14/1958
Public asset : 12,211,382 USD
Linked companies : Airbus SE - Stellantis N.V.
Biography : Carlos Tavares is a Portuguese businessperson who has been at the head of 7 different companies and

Stellantis CEO to meet French unions on Monday

03/04/2021 | 07:34am EDT
FILE PHOTO: Carlos Tavares, Chief Executive Officer and Chairman of the Managing Board of PSA Group, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show

PARIS (Reuters) - The CEO of Stellantis will meet French unions on Monday for the first time since the carmaker's creation from the merger of France's PSA Group and Fiat Chrysler, unions said, as he looks to make 5 billion euros ($6 billion) a year in savings.

Carlos Tavares led Peugeot maker PSA before the creation of Stellantis two months ago, and is expected to reassure unions about jobs in France.

The CEO met Italian unions of the former Fiat Chrysler business just a week after the merger, launching a charm offensive amid fears in Italy that Stellantis's centre of gravity could shift towards France after the combination.

France's CFTC and FO unions said they would meet Tavares on Monday at midday.

"Carlos Tavares has planned to meet with our trade unions in the near future as he does on a regular basis", a spokeswoman for Stellantis in France said. She didn't confirm when the meeting would take place.

Tavares, who sealed agreements with most of the unions at PSA that included job cuts and significant cost savings, has committed not to cut jobs or close plants following the merger.

But he will have to find the right balance to preserve interests between France, Italy and the rest of Europe.

"We are pleased that (Tavares) has finally decided to meet with French unions", said Franck Don, a representative for the CFTC union.

Unions will also ask Tavares about the future of the plant in Douvrin in northern France after the company said it would transfer its fuel engine output to Hungary.

($1 = 0.8309 euros)

(Reporting by Gilles Guillaume. Writing by Matthieu Protard. Editing by Jason Neely and Mark POtter)

© Reuters 2021 / Crédit photo © Maxppp
1  2  3  4  5  6  7  8  9  10Next