UPDATE 1-Schroeder lauds Daimler union deal, sees precedent

Newswire

(Adds quotes from statement) BERLIN, July 23 (Reuters) - German Chancellor Gerhard Schroeder praised DaimlerChrysler's agreement with the IG Metall union on cost cuts on Friday, adding it set a precedent and would boost his country's sluggish economy. "I am certain that after DaimlerChrysler the negotiations at Volkswagen over cost cuts and job security will lead to a successful agreement," Schroeder, who is on holiday in Italy, said in a statement. The agreement was "a victory for ...

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