Ryanair's Lauda airline to close Vienna base, 300 jobs to go

VIENNA (Reuters) - Ryanair's Austrian airline Lauda on Friday said it would shut down its main Vienna base on May 29 with the loss of more than 300 jobs in Austria after it did not manage to agree new labour contracts with the union.Ryanair CEO Michael O'Leary said earlier in May that the group would shut down the main Vienna base of Lauda and bring in Ryanair jets instead unless staff agreed to a pay cut and a new labour agreement.Austria's Vida union had refused to agree to Lauda's contract..