G4S boss brands security contract blunders "humiliating shambles"

City A.M. Reporter
G4S chief executive Nick Buckles has said the blunders associated with his firm's handling of the olympic security contract a "humiliating shambles".

The company could lose £50m from the £284m contract because of its failure to find enough guards for the games.

But he added in a grilling from a parliamentary commitee: "We still expect to deliver a significant amount of staff."

The cost of accommodation for troops would also be covered and the G4S chief said bonuses would be paid to military personnel if this was deemed appropriate.

He was giving his company's side of the story after 3,500 extra troops were deployed to meet the firm's shortfall.