G4S plans more than 1,100 job cuts at cash-handling business – ZAWYA

G4S plans more than 1,100 job cuts at cash-handling business – ZAWYA

G4S plans more than 1,100 job cuts at cash-handling business | ZAWYA MENA Edition HomeEconomyGlobalArticleG4S plans more than 1,100 job cuts at cash-handling business Union said it was in talks with the British company    Private security company G4S could axe 1,150 jobs at its UK cash business as it grapples with an increased shift to digital payments triggered by Britain's coronavirus lockdown.The British company sold most of its cash-handling operations to U.S. peer Brinks in February but retained its UK business. "Following a review of our Cash Solutions operational footprint in the UK, we are proposing to reshape the business," Paul van der Knaap, the G4S managing director for cash solutions in the UK, said on Monday.The GMB trade union GMB said the restructuring places 1,150 jobs at risk and that it is in talks with the company about the planned restructuring. G4S employs about 25,000 people across its security and cash divisions in the UK.The British company sold most of its cash-handling operations to U.S. peer Brinks in February but retained its UK business. "Following a review of our Cash Solutions operational footprint in the UK, we are proposing to reshape the business," Paul van der Knaap, the