UPDATE 1-Volkswagen seeks 2-year German pay freeze

Newswire

(Releads, adds VW confirmation, share) By Jan Christoph Schwartz WOLFSBURG, Germany Aug 23 (Reuters) - Volkswagen will ask German workers to forego pay hikes for two years as part of a broader plan to cut labour costs by some 2 billion euros ($2.51 billion) in the next six years, the carmaker said on Monday. There is "no room" for increased wages, said VW personnel chief Peter Hartz, who wants to use next month's wage negotiations as a starting point to slash its labour cost base by 30 ...

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