Following the announcement of a worldwide acquisition of the G4S group by Allied Universal, Luxembourg trade union, the LCGB, has expressed concern about the sustainability of the group's 1,230 jobs in the Grand Duchy.
According to the union, the sale of G4S's cash transport activities to Brink's, in which the LCGB intervened with the competent authorities, opened the way fully for this colossal takeover by Allied Universal.
With the creation of a group of almost 800,000 employees, the LCGB has posed the following questions: What will follow a redefinition of the competitive landscape with other big changes for the global sector in general and for the sector in Luxembourg in particular? What will be the strategy of the new directors of Allied Universal in terms of investments in Luxembourg, where competition is fierce with no less than nineteen companies present on the Luxembourg market?
In this very tense economic context, the LCGB assured that it will be particularly vigilant in the progress of the buyout and will ensure that the rights of all employees are maintained.
To guarantee the safeguarding of the livelihoods of all employees in the sector, the LCGB will request an interview with FEDIL Security Services (Federation of Employers) in order to clarify the circumstances.
