Deal struck to avoid shutdown at Ryanair's Austrian unit

VIENNA (Reuters) - Austrian business and labour groups have struck a deal on a collective wage agreement at Ryanair's Lauda airline to ensure its Vienna base will not shut down, though the parent company has yet to approve it, those groups said on Thursday. Lauda had said on Friday it was shutting down its Vienna base after failing to reach an agreement with the union on pay. The move would have involved the loss of around 370 jobs in Lauda."After long and difficult negotiations and repeated..