Security Firm G4S Has Lost Another Contract (xpost from Veterans)

[unhappycamper]

It appears that G4S has taken incompetence to a new level.

During the 2012 London Olympics G4S screwed the security pooch and the UK military was 'drafted' to provide the security that G4S couldn't.

http://blogs.wsj.com/source/2012/08/28/gauging-the-fallout-for-g4s/

Gauging the Fallout for G4S
By Jessica Hodgson
August 28, 2012, 12:32 PM GMT

The job of G4S chief Nick Buckles is still very much on the line after the security firm’s Olympics fiasco.

“I hope I keep my job,” he said Tuesday, pointing to his track record of delivering returns for the company in the roughly 10 years he’s been at the helm.

G4S, the world’s largest private security firm, had questions raised about its competence to run big projects and saw about 16% wiped from its market capitalization in July after it said it couldn’t meet the contract’s staffing demands for the London Olympic Games, forcing the British government to draft in military and police personnel to fill the shortfall.

Ultimately, Mr. Buckles’s job may depend on whether G4S’s failure to adequately staff the Olympics — and the ensuing fallout — has made the U.K. government reluctant to award it new security contracts in the short to medium term, analysts say. This won’t become fully clear for a few weeks.


Even the Surrey Police backed out of an outsourcing agreement with them.


http://www.bbc.co.uk/news/uk-england-surrey-19507634




G4S and a number of other firms had been bidding to take over "middle and back office" police roles

Surrey Police scrap plans for partial privatisation
6 September 2012 Last updated at 16:38 ET

The county's police authority had already suspended its involvement in July, when members voiced reservations about one of the partner groups, G4S.

The security firm failed to provide the agreed number of staff at the Olympics.

But the authority says a key factor was also a lack of support from candidates seeking election to run the force as police commissioner later this year.

Surrey Police Authority had been considering joint plans with the West Midlands force to contract out some "middle and back-office functions" to private firms - including G4S - as it looked to cut its budget.



Google "g4s+london" for much more about G4s and the Olympics.


And then G4S lost the contract to provide security for US bases in Korea.


http://www.stripes.com/news/pacific/korea/us-to-replace-security-contractor-in-south-korea-1.188419

US to replace security contractor in South Korea
By Ashley Rowland
Stars and Stripes
Published: September 7, 2012

British-based G4S is being phased out immediately, with a new security firm scheduled to take over all security operations completely by the end of October, the U.S. Army Installation Management Command Pacific Region said in a statement Friday.



These guys have all the finesse of Blackwater\Xe\Academi.