UPDATE 1-Porsche sets labour pact, to invest 600 mln euros

Newswire

(Adds details, share, previous STUTTGART) FRANKFURT, July 29 (Reuters) - German luxury carmaker Porsche will invest more than 600 million euros ($724 million) in three locations in the next five years as part of a labour pact with its staff. Under the deal, Porsche will guarantee jobs for the staff of about 8,300 employees until the end of its fiscal year in July 2010, the company said on Friday. A key prerequisite for the pact was staff willingness to work more flexibly and improve ...

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