G4S cuts 1,100 jobs to 'maximise efficiency'

Security giant G4S has expressed disappointment over the problems related to its Olympics contract and said that a restructuring of its overhead structure will lead the loss of 1,100 jobs.

Security giant G4S has expressed disappointment over the problems related to its Olympics contract and said that a restructuring of its overhead structure will lead the loss of 1,100 jobs.

The firm had to advise the London Organising Committee of the Olympic and Paralympic Games (LOCOG) on July 11th that it was not able to assure the delivery of the size of the workforce agreed, meaning that the Home Office had to deploy additional military to shore up the numbers. To date, G4S has delivered 83% of the contracted shifts since the beginning of the year.

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