Security giant G4S brings in new Irish team
Published 17/08/2014 | 02:30
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.
"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