Uber drivers will go on strike over pay and benefits ahead of the company's $90 billion IPO

  • 📰 CNBC
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Ride-hailing drivers are planning to strike on Wednesday to protest low wages as Uber prepares to follow Lyft onto the public market.

Drivers have been claiming for years that the services pay too little and unfairly avoid offering additional benefits by classifying them as contractors instead of full-time employees.

Both Uber and Lyft have offered rewards to their most active and long-standing drivers as part of their IPOs. Uber drivers protest the company's recent fare cuts and go on strike in front of the car service's New York offices on February 1, 2016.are planning to turn off their apps Wednesday to protest low wages and other gripes.

The strike comes just two days ahead of Uber's IPO, which is expected to be the largest among new tech stock debuts this year with anDrivers argue the road to both companies' IPOs has been carried on the backs of workers whom Uber and Lyft have insisted for years are merely contractors. The debate is now reaching a boiling point as founders from both companies are set towhile drivers say they still aren't paid enough while being denied access to full-employee benefits.

In New York City, drivers plan to strike for two hours during the morning rush hour to demand job security, livable wages and a guaranteed commission rate, according to a

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Drivers operating their own vehicles setting their own hours are not paid wages nor are they entitled to benefits they are in fact contractors however the rates are set by ride share companies not drivers and the rates paid to the contractors is half what it should be.

$90billion & never made a dime work that one out America

They knew the structure of Uber when they took the jobs. Stop crying and get another job if you don't like it. Why did you become an Uber driver in the first place?

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber in driver’s seat as IPO market gears up for busiest week since 2015The U.S. initial public offering market is facing its biggest week since 2015 with at least 15 deals expected to price, including Uber, the biggest IPO since...
Source: MarketWatch - 🏆 3. / 97 Read more »