LONDON - G4S's bill for its embarrassing London Olympic staffing failure could rise after a government committee demanded the embattled security firm waive its management fee and compensate Games staff neglected in its chaotic recruitment drive.
The world's biggest security firm has been under fire since admitting just two weeks before the Games began that it could not provide a promised 10,400 venue guards, embarrassing the government - a key customer - and forcing British troops to cancel holidays and fill the shortfall.
G4S has already estimated a 50 million pound loss on the Olympic contract relating to the cost of deploying additional police and military personnel and the likely penalties the London Organising Committee of the Olympic and Paralympic Games will impose, but that may prove conservative.
In a report published on Friday, the Home Affairs Committee, which twice hauled in G4S chief Nick Buckles to explain the Olympic debacle, said responsibility for the failure was with G4S and that its most senior personnel should be held accountable for making misleading staffing assurances to security officials so close to the start of the Games.
"Far from being able to stage two Games on two continents at the same time, as they recklessly boasted, G4S could not even stage one," said Keith Vaz, Chairman of the influential Home Affairs Committee, referring to an interview managing director of G4S Global Events, Ian Horseman Sewell.
"G4S should waive its 57 million pound management fee and also compensate its staff and prospective staff who it treated in a cavalier fashion."