Volkswagen says sees "no room" for wage hikes


WOLFSBURG, Germany, Aug 23 (Reuters) - Volkswagen will ask German workers to forego a pay hike during upcoming wage talks as part of its broader plan to cut labour costs, Europe's largest carmaker said on Monday, confirming a Reuters report. There is "no room" for increased wages, according to the text of a speech by VW personnel chief Peter Hartz, who aims to cut labour costs by 30 percent by 2011. Last week, VW's works council and the metalworkers' union IG Metall also staked out a ...

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