G4S loses prison contact

The firm at the centre of the Olympics security shambles has lost its contract to run a jail and failed to win any further prison contracts it was bidding for, the Ministry of Justice has said.

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Fact file: G4S prison contracts

The termination of G4S's contract to run the Wolds prison is another blow to the firm, following its failure to provide enough staff for the London Olympics:

  • The Wolds is a category C training prison in east Yorkshire
  • Holds up to 395 men
  • Run by G4S since it opened in 1992
  • Said to have "clear weaknesses" in HM Inspectorate of Prisons report in August
  • Will return to the public sector at the end of the current contract in July 2013
  • G4S shares were down 5% after the announcement
  • G4S also failed in bids to land three other prison contracts
  • However, the security firm still runs five other UK prisons

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