UPDATE 1-Daimler, workers agree on cost savings

Newswire

(Releads with agreement) FRANKFURT, July 23 (Reuters) - Automaker DaimlerChrysler and its employees have reached an agreement early on Friday over comprehensive labour cost-cutting measures after protests by tens of thousands of workers in recent days. After 16 hours of talks a spokesman for German engineering trade union IG Metall said group management, the works council and the union had agreed in principle over demands from Mercedes to save 500 million euros ($613 million) a year in ...

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