FCA-PSA tie-up must be "merger of equals" with no job cuts - UILM trade union

ROME (Reuters) - A possible tie-up between Fiat Chrysler <FCHA.MI> and Peugeot owner PSA <PEUP.PA> must be a "merger of equals" that leads to no job losses in Italy, Italian trade union UILM leader Rocco Palombella said on Wednesday.

FCA and PSA have confirmed talks over a potential tie-up that could create a $50 billion automotive giant better placed to tackle costly technological and regulatory challenges facing the industry.

(Reporting by Francesca Piscioneri, editing by Valentina Za)