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Brink’s Closes $860M Deal For Majority Stake In G4S

PYMNTS

Cash management firm The Brink’s Company is acquiring a majority stake in the security services company G4S for $860 million (£660 million), The Brink’s Company announced on Wednesday (Feb. The acquisition does not include the G4S Retail Cash Solutions business or the cash operations in South Africa, the U.K.

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G4S to cut jobs after virus hastens move to cashless society

Payments Source

G4S Plc has entered talks with workers over a plan to slash jobs at its U.K. cash-handling business as COVID-19 spurs consumers to use other forms of contactless payment.

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G4S strike prompts fears of festive cash shortages at banks and shops

TheGuardian

The 48-hour strike by 1,156 members of the GMB union who work for the security company G4S is due to take place from 3am on 5 December, after a 97% vote in favour of industrial action in a dispute over pay. However, only 665 workers voted in the ballot , a turnout of 58%.