A private security company has admitted it will not be able to provide enough security guards for the Olympic Summer Games. The military will be sending in 3,500 troops to fill in the gap, the Guardian reports.
G4S had a contract worth over $400 million to supply 13,700 guards for the Olympics. They have admitted they will not be able to fill all the posts, a situation the company says it “deeply regrets.” It stands to lose about $75 million because of the contract violation. Recruits of the company said that the selection process for guards was “totally chaotic.”
G4S shares fell 9% today.
Meanwhile, the head of Canada’s Olympic Committee says everyone needs to chill. “I trust them,” he said of the London organizers.