G4S chief executive Nick Buckles, gives evidence on Olympic security staffing to the Home Affairs Select Committee at the House of Commons, London, Monday, July 17, 2012. Buckles, today insisted he was the right person to make sure the firm delivered as many guards as possible despite the Olympics security debacle. (AP Photo/PA) UNITED KINGDOM OUT, NO SALES, NO ARCHIVE
LONDON - The chief executive of G4S faces questions from British lawmakers about the security company's failure to recruit enough staff to fulfil its contract to guard Olympic venues.
A House of Commons panel called G4S chief Nick Buckles to explain why the company informed officials just two weeks before the start of the 2012 Olympic Games that its recruitment had failed.
The government has called in 3,500 soldiers and police from various forces to fill the gaps.
G4S says it expects to lose between 35 million pounds and 50 million pounds ($54 million-$78 million) on the contract, which is equal to about 12 per cent of annual profit.
