EMCC European Monitoring Centre on Change

G4S UK

Company/Organisation:
G4S UK

Geographic Location

Country: United Kingdom

Company

Sector: Administrative services
Administrative and support service activities
80.10 - Private security activities
Number Employed: 4300

Employment Effects

Announcement Date: 13-07-2020
Planned Job Reductions min: 1150
Planned Job Reductions max: 1150
Type of Restructuring: Internal restructuring

Additional Information

G4S, the UK-based global private security firm has announced plans to restructure its cash-handling operations in the UK, making 1,150 jobs, about a quarter of its G4S Cash Solutions workforce in the UK, redundant. The affected employees include drivers who carry cash for businesses in armoured trucks.

The company’s chief executive officer said that the aim of the restructure was to “better align” the activities of the cash handling operations with customers’ needs. The cash handling business has been negatively impacted by the decreasing number of cash transactions in the longer term, with the coronavirus crisis further exacerbating the trend.

A representative of the trade union GMB said the union would challenge the company’s plans to save jobs and to slow down the trend towards a cashless society.

G4S UK employs about 25,000 people in the UK across seven business areas. The company has recently been at the centre of controversies, including alleged human rights abuses.

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