Delivery Hero, Glovo and Spain

Delivery Hero Shares Slump on Profit Hit From Move to Employment-Based Model for Delivery Riders in Spain
Shares in Delivery Hero plunged after the company said its Spanish subsidiary would implement an employment-based model in the country, a move expected to hit profits by around $106 million in fiscal 2025.
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 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
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: 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.
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Delivery Hero says Spain riders are now employees, and shares tumble
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