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Menem may have brought the Cirigliano brothers, who now head T.B.A., into the rail business.
The latest layoffs will come from the rail business and involve workers in 14 countries.
The rail business has been a consistent earner for Branson's group while other businesses have struggled.
The bus operations and other parts of the rail business are up to scratch.
The rail business was not great, but the Bakken oil fields in North Dakota changed all that.
Some analysts believe a break-up of the group involving the sale of its rail business is another option.
Similar(7)
There is also sizeable potential in their rail businesses, said the bank.
Spinning off Canadian Pacific's rail businesses encourages speculation that the two big railroads will eventually merge.
Stagecoach rail businesses make the biggest contribution to the taxpayer of any operator.
It said full year operating profits would be significantly below last year due to problems with its nuclear and rail businesses.
IT TOOK more than three years, but on February 24th Finmeccanica, Italy's state-controlled aerospace and defence group, said it had found a buyer for its rail businesses.
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