Delivery Hero says Spain riders are now employees, and shares tumble
Shares of Delivery Hero tumbled sharply on Monday after the German-headquartered food delivery company said it would start treating its Spanish riders as employees. “Today, Glovo management decided to change from a freelance model to an employment based ...
Delivery Hero sees 100 million euro hit from making Spanish riders employees
Delivery Hero will hire freelance riders at its Glovo unit in Spain as full-time employees, the food delivery firm said on Monday, warning of a 100 million euro ($105 million) hit to earnings and sending its shares down almost 10%.
Delivery Hero To Increase Overall Contingency In 2024 As Glovo Moves To Employment Based Model
Delivery Hero SE said Glovo management decided to change from a freelance model to an employment based model for its delivery riders
Drivers for Spanish food delivery app Glovo will become full-time employees
Thousands of delivery drivers in Spain working for the food delivery app Glovo will soon be full employees after the company announced Monday that it was moving to an employment-based model. The decision follows years of pressure from the Spanish government to give app-based drivers labor contracts.
Delivery Hero says Glovo riders in Spain to become employees
Spain fined Glovo 79 million euros in 2022 for failing to contribute to social security and make other payments from 2018 to 2021 as it did not hire its delivery riders under formal contracts. Get the latest news and expert analysis about the state of the global economy with the Reuters Econ World newsletter. Sign up here.
Delivery Hero shares plunge on Spain hiring move
Investing.com -- Delivery Hero's (ETR: DHER) shares dropped by over 11% after the company announced it would begin employing delivery riders in Spain. This move follows a series of legal and regulatory pressures under Spain's "Rider Law," aimed at reclassifying gig workers as employees rather than independent contractors.
Delivery firm Glovo riders in Spain to become employees
App-based food delivery firm Glovo's freelance riders in Spain will be hired as employees following pressure from the government to give them labour contracts, its German owners Delivery Hero said Monday.
Delivery Hero sees 100 million euro earnings hit as it hires Spanish riders
Delivery Hero said on Monday that freelance riders at its Glovo unit in Spain will be hired as employees, with the move denting its 2025 adjusted core earnings by 100 million euros ($105.1 million) Its shares fell were down 9.
Delivery Hero: Glovo to Move to Employment Based Model for Delivery Riders in Spain
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Glovo riders to become employees in Spain
App-based food delivery firm Glovo’s freelance riders in Spain will be hired as employees following pressure from the government to give them labour contracts, its German owners Delivery Hero said Monday.
Delivery Hero SE (DHER) Gets a Buy from J.P. Morgan
In a report released today, Marcus Diebel from J.P. Morgan maintained a Buy rating on Delivery Hero SE (DHER – Research Report), with a price ...
Delivery Hero’s Talabat Prices IPO at Top End of Range; Values Firm at $10.1 Billion
Delivery Hero’s Talabat priced its Dubai initial public offering at the top end of the previously announced range, implying a ...
Bloomberg L.P.3d
Delivery Hero Sets Talabat Final IPO Price at Top of Range
Delivery Hero SE set the price for its Middle Eastern unit’s initial public offering at the top of its range, putting the deal on pace to be the United Arab Emirates’ biggest listing of the year.