Employees aim for up to 5 pct stake in VW -report

Newswire

FRANKFURT, Aug 29 (Reuters) - The roughly 370,000 employees of Volkswagen and Porsche are striving initially to acquire a stake of up to 5 percent in the automotive group, VW's labour chief told a German newspaper. "I don't know how much we will end up with. It certainly won't be 10 percent overnight, but between one and five percent to begin with," Sueddeutsche Zeitung quoted Bernd Osterloh on Saturday as saying. It was not clear yet how the employees would finance the purchase of their ...

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