@JNO
from the BBC -
"In March, the Public Accounts Committee said it was "particularly concerned" that Locog had asked G4S in December 2011 to supply twice the number of security staff it originally agreed to, trebling the cost of the contract from £86m to £284m.
It said that Locog and G4S faced a "significant challenge to recruit, train and coordinate all the security guards in time for the Games".
Margaret Hodge MP, chair of the Public Accounts Committee, said it was "staggering that the original estimates were so wrong".
It does sound as if the initial requirement for staff was significantly ramped up by LOCOG at a late stage in preparation. Equally though, G4S sound like they have had a lot of issues with processing applicants, and it staggers me that the CEO says he only knew they were going to have problems fulfilling the revamped targets 9 days ago.
It seems fairly clear that LOCOG massively underestimated the staff requirement for security, but equally, G4S should not have signed up to the revised target figures unless they were confident they could fulfill it.
There are also big questions over the quality and training of the staff they have already hired, and why it is that they are notifying LOCOG at such a late stage that they are unlikely to fulfill their responsibilities.
All in all ,a big PR disaster for G4S, and likely a costly one in fines etc.