G4S sets out restructuring plans as profits rise

G4S Security guards outside the USA training base at Alexandra Stadium, Birmingham Photo:  David Davies/PA Wire.
G4S Security guards outside the USA training base at Alexandra Stadium, Birmingham Photo: David Davies/PA Wire.
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G4S, the world’s largest security firm, said it planned to exit a number of its businesses in the next two years as part of its ongoing restructuring plans, after it posted a 5.7 per cent rise in full-year profit to £427m.

The company said it expected to exit its G4S Israel, UK Utility services, US Youth Justice services and UK Children’s services.

G4S employs around 2,600 people in Yorkshire and the Humber.

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