Wage deal struck to save jobs at Lauda pending Ryanair's OK

VIENNA (Reuters) - A collective wage agreement aimed at saving airline Lauda's Vienna base has been agreed by business and labour groups who will now need the approval of parent company Ryanair . Ryanair CEO Michael O'Leary had threatened to close Lauda's main hub in the Austrian capital and instead bring in Ryanair jets unless staff agreed to a pay cut and a new labour agreement.Lauda said on Friday it was shutting down its Vienna base after failing to reach a pay agreement with the union in a..