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G4S Takeover

By now you may have seen the regulated auction process has concluded with a final offer of 245 pence per share from Allied Universal and a final offer of 235 pence per share from GardaWorld. Allied Universal have successfully placed the highest bid for G4S, both offers will now be put to G4S shareholders, 75% of whom need to accept the offer, for the takeover to go ahead. The board of G4S are recommending that shareholders accept the Alllied offer and shareholders have until the 16th March to do so. If accepted by G4S shareholders, Allied will become the largest private security provider in the world with circa 750,000 employees.

With the uncertainty the takeover creates it is now more important than ever that G4S employees are members of the GMB. 

The GMB has written to Allied’s CEO Steven Jones to request an urgent meeting to seek assurances around protection of jobs, pay, terms and conditions. Steven has agreed, that if the takeover is completed, he will meet with the GMB. We look forward to taking him up on that offer if the sale goes ahead.

You may have seen that Allied have indicated their intention to ‘divest’ the Care and Justice Sector of G4S. The GMB is the recognised trade union at both Rye Hill and Altcourse prisons and we will be seeking urgent clarification on who will be running those prisons if Allied do indeed divest them. GMB will also be seeking a long-term commitment from Allied Universal to UK Cash and G4S’s cash handling business along with other segments of G4S’s UK operations that makes up the company’s strong employment profile.

As the only trade union nationally recognised by G4S, GMB has the right to be consulted with under the TUPE regulations. The new employer must consult with us on any changes they propose to make because of the transfer. This is yet another important reason to be in the GMB; if changes are to be made, your voice must be heard. 

As the recognised trade union, the GMB has been able to publish our ‘opinion’ on the take over to shareholders. You can read our ‘opinion’ and letter to Allied’s CEO beneath this bulletin.

We will keep you updated as matters progress, but in the meantime please share this bulletin with any of your colleagues not yet in the GMB. Those wishing to join can do so following this link www.gmb.org.uk/join.

Many thanks,

 

Nadine Houghton, National Security Officer

Dave Gigg National GMB convenor, Secure Solutions

Derek Rawlings, National GMB Convenor, Secure Solutions

https://www.gmb.org.uk/network/commercial-services-section/security-noticeboard/g4s-secure-solutions-noticeboard

Posted: 24th February 2021

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