Stop G4S is calling for a Europe-wide demonstration of outrage as G4S congratulate themselves on another year of profiteering at the expense of human dignity.
Bring banners, flags and drums; bring yourself and your friends. Refuse to be taken in by their whitewashing of abuses, join us at the AGM to hold G4S to account. The AGM will be held at Salters’ Hall, 4 Fore Street, London EC2Y 5DE, Thursday 6 June 2013, 1pm
Protesters driven away by tear gas outside Ofer prison, one of the contracts which G4S ‘aims’ to give up (see video link at foot). At the moment, Stop the Wall: says
• G4S provide peripheral defense systems on the walls surrounding the Ofer prison and operates a central control room for the entire Ofer compound.
• Ofer is an Israeli prison for Palestinian political prisoners, located in the West Bank, near the settlement of Givat Ze’ev.
• The prison populates 1,500 Palestinian political prisoners and includes a military court which judges detainees from the West bank on a daily basis.
G4S, which was responsible for the botched handling of security workers at London’s Olympics, told the City on Tuesday that its chief executive is to quit. Nick Buckles, who oversaw a staffing fiasco at last year’s Olympics as well as a failed takeover of Danish cleaning business ISS during his eight-year tenure, will step down at the end of May. Photo: David Rose
By Rachel Cooper, Daily Telegraph and agencies
May 21, 2013
Nick Buckles, who oversaw a staffing fiasco at last year’s Olympics as well as a failed takeover of Danish cleaning business ISS during his eight-year tenure, will step down at the end of May.
Under Mr Buckles’ captaincy, G4S’ share price has accelerated as it expanded into some 125 countries. However, his time at the helm is more likely to be remembered for a succession of incidents that have blighted the world’s largest security company over the last year and a half.
Mr Buckles’ departure comes just a fortnight before G4S’ annual shareholder meeting. Following Mr Buckles’ exit, Ashley Almanza, who joined the business as chief financial officer in March, will take over as chief executive at the beginning of June.
Shares in G4S have come under pressure since the company warned the City in early May that profits would undershoot expectations. In morning trading, G4S shares ticked up, but at lunchtime they were down around 1.5pc.
On leaving G4S, Mr Buckles will only receive his contractual entitlement to a year’s salary of £830,000, a pension allowance of £332,000 and a £20,000 car allowance. He has also already accrued a pension pot of around £9.5m and £5.5m in shares.