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Uber to Reclassify 70,000 U.K. Drivers as Workers After Ruling
Posted
March 16, 2021
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2:49Now PlayingUber Technologies Inc. will reclassify all 70,000 of its U.K. drivers as workers, entitling them to the minimum wage, vacation pay and other benefits after a landmark ruling from the Supreme Court last month.
The ride-hailing app’s drivers will receive at least the national living wage of 8.72 pounds ($12.11) per hour starting Wednesday. This will be the minimum drivers can earn, in what Uber described as an “earnings floor, not an earnings ceiling.” Uber didn’t specify how much the reclassification will cost, but said it doesn’t expect to change its earnings forecast for the quarter or the year. Uber shares fell as much as 3% in after-hours trading.
The changes are limited to the U.K., Uber’s biggest European market, but raise questions about whether management is willing to consider adapting its business model in other countries. The San Francisco-based company faces legal challenges in its home state of California as well as pressure from European policy makers to improve conditions for gig-economy workers.
“This is an important day for drivers in the U.K,” said Jamie Heywood, Uber’s regional general manager for Northern and Eastern Europe. “Uber drivers will receive an earnings guarantee, holiday pay and a pension, and will retain the flexibility they currently value.”
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