Uber, Bolt and Addison Lee drivers strike on Valentine's Day
Published On Feb 14, 2025, 10:09 AM
On Valentine's Day, thousands of drivers for Uber, Bolt, and Addison Lee are participating in a strike across the UK, demanding better pay and working conditions. The Independent Workers Union of Great Britain (IWGB) has organized this action amid claims of low wages and poor working conditions faced by drivers. Some drivers report working extensive hours without sufficient pay, leading to financial strain. Companies like Uber and Bolt have defended their practices, claiming that drivers earn above the national living wage and have access to various benefits. Despite assurances from these companies, drivers express growing frustration and a feeling of exploitation. The strike is seen as a pivotal moment in their struggle for fair treatment and safety measures, particularly following the tragic death of a driver in 2021 related to a robbery. The companies assert that service levels remain unaffected during the strike.
Stock Forecasts
UBER
Negative
The ongoing strikes could lead to increased scrutiny and pressure on ride-hailing companies regarding their pay structures, potentially resulting in the necessity for these firms to raise wages or improve working conditions to avoid further strikes. This could increase operational costs, impacting profitability.
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