UPDATE 1-Opel to announce "significant" turnaround progress


* Labour, management need agreement before next working day * State loan guarantee could be decided on Tuesday * Wage concession deal seen as requirement for state aid (Adds background) FRANKFURT, May 21 (Reuters) - Opel Chief Executive Nick Reilly and labour leader Klaus Franz have called a joint press conference for 1200 GMT to inform on "significant progress" in the restructuring of Opel, the carmaker said on Friday. The two sides have been negotiating over management's demand ...

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