G4S to lose over €80m from Olympics contract

on 12/02/2013 08:53:10

UK security company G4S says it will lose £70m (€82m) on its bungled Olympics contract.

That figure is more than the £50m (€58m) previously estimated.

Members of the armed forces had to be called in to cover, after G4S failed to deliver on the number of personnel it had promised for London 2012.