Ryanair's Lauda Airline To Close Vienna Base, 300 Jobs To Go
Ryanair's Austrian airline, Lauda, has said that it will shut down its main Vienna base on May 29 because it did not manage to agree new labour contracts with the union.
The base's closure will result in the loss of more than 300 jobs.
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 proposals as it said that they would hit some staff hard.
Ryanair bought the Austrian airline from Former Formula One racing champion Niki Lauda in 2018 as part of a move to a broader structure with several airline brands.
Lauda's Vienna base hosts 15 of the airline's 30 A320s. O'Leary has said that he plans to keep Lauda's other bases in Stuttgart, Dusseldorf and Palma open.