G4s admits that they are fighting to repair reputation back
Glasgow, Scotland -- (SBWIRE) -- 09/10/2012 -- G4s had admitted that it is trying is level best to repair their tattered reputation, as G4s wrote off 50 million worth of losses due to its substandard in London 2012 contract.
It was able to fulfill 83% of the contracted shifts during the London games and hence failed to provide all of 10,400 contracted guards for security purpose. This in return forced the government to step in with military to fulfill the demand, the group confirmed.
G4s has also ruled themselves out of the bidding of 2016 Olympic security contracts that are going to take place in Rio, where as they are confident that on Paralympic games that are about start from tomorrow. They say that the Paralympic games will be fully staffed with security workforce.
G4s Chief executive Nick Buckles said, “We were deeply disappointed that we had significant issues with the London 2012 Olympics contract and are very grateful to the military and the police for their support in helping us to deliver a safe and secure Games.
“Clearly it is a big setback and we need to rebuild the brand over the coming months and years.”
It is also expected that the loss could be even higher then 50 million since the price will add up once the penalties and the actual cost to the government of sending military will be added.
Mr. Buckles also said that they haven’t lost any of their contracts after the 2012 Olympics substandard performance where as they will still be providing their services to the public sector, with a contract of 3.8 billion a year contract in the pipeline.
These days Mr. Buckles is striving hard to save his career after the London Olympics contract problems, which left him only to agree upon substandard service in London games.
According to reports it is also suggested that Mr. Buckles has the support of major shareholders.
CarbideMedia.com (http://www.carbidemedia.com/reputation-management.html) provides Reputation Management Services that are either proactive or reactive, depending upon the requirements of the customer.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)