£70m Olympic loss for G4S
Security company G4S today said it will incur a loss of £70 million on its bungled Olympics contract, more than the £50 million previously estimated.
Security company G4S today said it will incur a loss of £70 million on its bungled Olympics contract, more than the £50 million previously estimated.
The Met Commissioner Bernard Hogan-Howe has told the London Assembly that he is confident the Olympics will have proper security. He also explained that the problems at G4S were made worse because the company assumed it had a communication problem and did not realise it was short of staff.
A committee of MPs has said the problems with recruiting security staff for the Olympics should have been foreseen.
The boss of the government's Olympics' security contractor G4S has faced a dressing down from MPs for his firm's poor performance.
The head of G4S is under pressure to quit his £830,000-a-year job as he prepares to face questions from MPs