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 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 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: 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 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 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 ...
Delivery Hero Aims to Raise Around $1.5 Billion in Talabat IPO
The online delivery company set the share price at about $0.41 to $0.44, for the IPO of 15% of Talabat’s issued share capital ...
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.
Stocks to Watch Monday: Stellantis, Delivery Hero, Volkswagen
Shares in the carmaker, which makes Chryslers and Jeeps, tumbled over 8% in Milan after Chief Executive Carlos Tavares [stepped down]( ...
European Stocks Shake Off French Politics, Stellantis to Rise
The potential collapse of France’s ruling government and a sharp drop in Chrysler-parent Stellantis didn’t stop European stocks from gaining on Monday. The Stoxx Europe 600 index was up 0.6%. That was ...