UPDATE 2-Volkswagen forges agreement to lower labour costs

Newswire

(Recasts with fresh details, analyst, union comments, shares) By Christiaan Hetzner FRANKFURT, Sept 27 (Reuters) - Volkswagen won concessions on Tuesday allowing it to shift workers out of its expensive in-house wage agreement in return for building its new Golf sport utility vehicle Marrakesh at its main German plant in Wolfsburg. Workers' representatives at Europe's biggest carmaker agreed to cut labour costs for the vehicle by 850 euros ($1,025) per unit, averting VW's threat of ...

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