Suez Canal vehicle carrier traffic set to rebound by 20% in H2: SCA chief    Egyptian Exchange ends mixed on July 15    Tut Group launches its operations in Egyptian market for exporting Egyptian products    China's urban jobless rate eases in June '25    Egypt's Health Minister reviews drug authority cooperation with WHO    Egypt's PM orders 60,000 new homes for Alexandria's unsafe buildings    Egypt urges EU support for Gaza ceasefire, reconstruction at Brussels talks    Escalation in Gaza as Israeli airstrikes intensify, ceasefire talks stagnate    Agriculture Minister discusses boosting agricultural cooperation with Romania, Moldova    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Egypt, Mexico explore joint action on environment, sustainability    Egypt, Mexico discuss environmental cooperation, combating desertification    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Egypt condemns deadly terrorist attack in Niger        Sisi launches new support initiative for families of war, terrorism victims    Egypt's GAH, Spain's Konecta discuss digital health partnership    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



New York's ride-hailing drivers to strike ahead of Uber IPO
Published in Amwal Al Ghad on 04 - 05 - 2019

Uber Technologies Inc's drivers in New York will go on strike next week shortly before the ride-hailing company goes public to protest what they view as unfair employment conditions, a taxi union said on Friday.
The protests underscore the challenge for Uber of finding a way to lower driver costs in order to become profitable and paying drivers enough to retain their services.
Drivers for Uber, as well Lyft Inc and other ride-hailing apps, will strike on Wednesday for two hours, beginning at 7 a.m. ET (1100 GMT). Uber currently expects to price its IPO on Thursday and begin trading on the New York Stock Exchange the following day.
The drivers join peers in San Francisco, Chicago, Los Angeles, San Diego, Philadelphia and Washington, D.C., who are also planning to strike. The New York Taxi Workers Alliance (NYTWA) said the drivers are demanding job security, livable incomes and a cap on the amount ride-hailing companies can collect from fares.
"Uber claims that we are independent contractors even though they set our rates and control our work day," Sonam Lama, a NYTWA member and Uber driver since 2015, said in a statement.
"Uber executives are getting rich off of our work. They should treat us with respect. We are striking to send a message that drivers will keep rising up," Lama said.
Uber cautioned in its IPO filing that its business would be "adversely affected" if drivers were classified as employees instead of independent contractors.
The company hopes to be valued at between $80.5 billion and $91.5 billion. Uber has yet to turn a profit. It reported a net loss for the first quarter of 2019.
"I voted to go on strike because drivers need job security," said Henry Rolands, an NYTWA member and Lyft driver.
Uber did not immediately respond to requests for comment.
Lyft said in an emailed statement that its drivers' hourly earnings have increased over the last two year. "Over 75 percent drive less than 10 hours a week to supplement their existing jobs. On average, drivers nationwide earn over $20 per hour," Lyft said.
Source: Reuters


Clic here to read the story from its source.