Uber drivers to strike over pay and benefits ahead of the company’s $90 billion IPO

. Protests are reportedly expected in at least eight U.S. cities in total, including Chicago, Boston and Philadelphia.

Uber and Lyft did not immediately respond to requests for comment on the protests or workers’ allegations of unfair pay standards.in their IPO prospectuses that reclassifying its drivers as employees would negatively impact their businesses. That might be part of the reason both companies have included rewards for drivers who have played the most active role in building up their services as part of their IPOs.

Low unemployment numbers, but at whose expense?

Never studied this business model... so I bring my own damn car, make money for some guy who developed an app. In return for which I now have to fight over my pay and benefits. What am I missing here? I own the damn car he needs for me to make him money? Huh?

OK....strike away and have a good day...oops, an enjoy your cut in pay!!!

Stop driving for Uber, Just another corperation getting rich off poorer desperate working class. Hell they didn't even have to buy equipment to run the company, Your car, your phone...

MUNICIPALWASTE

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Uber drivers will go on strike over pay and benefits ahead of the company's $90 billion IPORide-hailing drivers are planning to strike on Wednesday to protest low wages as Uber prepares to follow Lyft onto the public market. 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? $90billion & never made a dime work that one out America 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.
Source: CNBC - 🏆 12. / 72 Read more »

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 »