UPDATE 1-Porsche close to labour pact, says works council

Newswire

(Adds works council comment, previous FRANKFURT) STUTTGART, Germany, June 22 (Reuters) - Luxury carmaker Porsche is close to a deal with staff to secure German jobs in return for concessions on working hours, a labour official said on Wednesday. Works council chief Uwe Hueck told an employees meeting that an accord would be "signed, sealed and delivered" shortly but had not been agreed in detail yet. The accord calls for investing around 200 million euros ($244 million) in a new paint ...

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