Uber drivers strike ahead of IPO in protest at low wages and lack of rights UberLyftStrike
Ride-hailing drivers across the world went on strike on Wednesday, ahead of Uber Technologies Inc.’s UBER, +0.00% massive initial public offering, which is expected to price on Thursday.
“Uber is exploiting all of the drivers on its platform,” London driver Muhumed Ali told MarketWatch. “Some drivers are working for pennies, it’s a very low wage and our costs are high. Drivers are pushing to increase fares to £2 a mile and for Uber to reduce its commission to 15% of a fare from 25%. If the company does not comply, the drivers will continue their action, said Ali.
— Bernie Sanders May 8, 2019 Jeremy Corbyn, who leads the Labour Party in the U.K., chimed in as well on Twitter. Uber and Lyft have both said in their IPO documents that worker status is key for their business models. Both companies have massive operating losses. Drivers in London have already successfully challenged their status in court and an employment tribunal found that they should be classified as workers with the right to a minimum wage and paid holidays. Uber has appealed and vowed to take its case to the U.K. supreme court.
— Hanif Y May 8, 2019 It’s cold, wet and rainy. I’m exhausted I’m on my way to the hospital. Would usually get an Uber but today I’m leaving a bit earlier to get a bus. #Solidarity #UberShutDown https://t.co/GcmKVeGD2l
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