G4S Chairman Says Management Jobs on The Line

By: The Associated Press
By: The Associated Press
The chairman of G4S has indicated that senior managers may be in danger of losing their jobs following the security company

A set of Olympic rings are seen standing in front of apartments for athletes during a media opportunity at the Olympic and Paralympic athlete's village in London, Thursday, July 12, 2012. The London Olympics begin on July 27. (AP Photo/Matt Dunham)

The chairman of G4S has indicated that senior managers may be in danger of losing their jobs following the security company's failure to recruit sufficient staff for the Olympic Games.

The Financial Times on Monday quoted company chairman John Connolly as saying "it would be right to consider whether any members of the senior team are best placed to take the company forward."

Connolly added that he wanted to avoid any knee-jerk reaction.

Britain is calling in 3,500 troops to cover the positions G4S could not fill.

The company said Monday its loss on the contract would range between 35 million pounds and 50 million pounds ($54 million-$78 million) in this financial year.


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