G4S Plans More Than 1,100 Job Cuts at Cash-Handling Business

G4S Plans More Than 1,100 Job Cuts at Cash-Handling Business
A G4S security van parked outside a bank in Loughborough, central England, on Aug. 28, 2013. Darren Staples/Reuters
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Private security company G4S could axe 1,150 jobs at its UK cash business as it grapples with an increased shift to digital payments triggered by Britain’s coronavirus lockdown.

The British company sold most of its cash-handling operations to U.S. peer Brinks in February but retained its UK business..