Spain, Glovo and Delivery Hero
Reuters · 2d
Delivery Hero sees 100 million euro hit from making Spanish riders 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.
Wall Street Journal · 2d
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.
MarketWatch · 2d
Delivery Hero: Glovo to Move to Employment Based Model for Delivery Riders in Spain
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