Delivery Hero says Spain riders are now employees, and shares tumble
Portfolio Pulse from
Delivery Hero SE announced a shift to an employment-based model for its freelance delivery riders in Spain, causing its shares to tumble.
December 02, 2024 | 10:15 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Delivery Hero SE's decision to employ its freelance riders in Spain has led to a sharp decline in its share price.
The transition to an employment-based model likely increases operational costs, impacting profitability and leading to a negative market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100