Business Irish

Tuesday 16 September 2014

Security giant G4S brings in new Irish team

Published 17/08/2014 | 02:30

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A G4s Cash Guard

G4S, the word's biggest security company, with interests that stretch from Guantanamo Bay to armoured cash vans in Dublin, has restructured part of its Irish business - bringing in a new management team.

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"There's a lot more to do, particularly in our Irish business. Our Irish business had been, I would say, undermanaged for some time - and we have replaced our management team in our Irish cash business.

"We went out into the marketplace and got a seasoned executive who has worked for a long time in the cash space," G4S chief executive Ashley Almanz told investors last week.

G4S has a 63pc share of the 
Irish cash-in-transit market and transports about €50m around the State each day. Significant chunks of its Irish business are now managed from the UK.

The FTSE-listed firm, whose operations range from running prisons, transporting cash and protecting ships from pirates, has suffered in recent years due to a number of contract scandals in the UK and abroad.

It failed to provide enough security staff for the London Olympics in 2012 and the tumbled into a prisoner tagging controversy, which ultimately led to a management shakeup at its corporate HQ.

Sunday Indo Business

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