Tuesday, February 10, 2004

Trainline & Qjump to merge

BBC NEWS | Business | Rail booking firms set to merge: "Rail booking groups Trainline.com and Qjump are to merge, creating a new firm responsible for issuing 10% of all rail tickets.
Up to 190 jobs are expected to go at Qjump with the closure of its Sheffield call centre in an attempt to cut costs.
Call-centre provider Sitel UK has been given the contract to manage calls at its site in Newcastle.
The company, to be called TheTrainline, will be the UK's largest rail retailer with annual sales of about �300m....

The new business will be 86% owned by Virgin, which has increased its holding through the purchase of a 49% shareholding from Stagecoach for £4m. "

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