FRANKFURT, Nov 23 (Reuters) - German metalworking union IG Metall said on Wednesday it agreed a wage deal with Volkswagen (VOWG_p.DE) for the carmaker's western German factories. The trade union said a news conference on the agreement would be held at 0800 GMT in the northern city of Hanover. IG Metall, which is Germany's largest trade union, in July demanded an 8% wage increase for around 125,000 workers at six German VW plants as well as at subsidiaries including Financial Services. In a separate deal that set the benchmark for 3.9 million metal and electrical sector workers across Germany, IG Metall, this month agreed a below-inflation pay hike in a deal that pointed to containable wage pressures in the broader euro zone. Under the agreement with employers at the time, workers' pay will increase by 5.2% from June 2023 and 3.3% from May 2024.

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