UPDATE 2-Spain's Seat agrees to reduce layoffs by half

Newswire

(Adds union call for La Caixa investment) MADRID, Dec 16 (Reuters) - Volkswagen AG's Spanish carmaker Seat said on Friday it had agreed to reduce proposed layoffs by more than half, after months of talks with unions, as it seeks to cut costs to counter weak European sales. Seat agreed 660 layoffs with unions, down from an originally planned 1,346, after all-night talks. "The agreement that we have reached will allow us to considerably reduce forced layoffs," Chairman Andreas Schleef ...

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