UPDATE 1-VW agrees hefty pay deal for German workers


* Wages to rise 3.4 pct from Sept, another 2.2 pct from July 2014 * Deal is latest in round of inflation-busting wage hikes in Germany * Germany eyes federal election, also IMF urging * Pay accord "pushing the envelope" amid sales slump-VW HANOVER, Germany, May 28 (Reuters) - Volkswagen granted its German factory workers an inflation-busting pay rise on Tuesday, the latest hefty wage hike in Germany as union demands meet support ...


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