Spain, Delivery Hero

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.
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.
Delivery Hero says Spain riders are now employees, and shares tumble
Shares of Delivery Hero SE tumbled sharply on Monday after the German company said it would shift to an employment-based model for its freelance delivery riders in Spain.
Delivery Hero shares plunge on Spain hiring move
Investing.com -- Delivery Hero's (ETR: DHER) shares dropped by over 11% after the company announced it would begin employing delivery riders in Spain. This move follows a series of legal and regulatory pressures under Spain's "Rider Law," aimed at reclassifying gig workers as employees rather than independent contractors.
Drivers for Spanish food delivery app Glovo will become full-time employees
Thousands of delivery drivers in Spain working for the food delivery app Glovo will soon be full employees after the company announced Monday that it was moving to an employment-based model
Delivery app Glovo bends to Spain’s Riders Law, will hire thousands of couriers
Glovo, a Spanish delivery app owned by Germany’s Delivery Hero, has bowed to pressure over labor rights in its home market. The company announced Monday it will hire around 15,000 riders — most of them are currently “self employed” according to Glovo.
Delivery firm Glovo riders in Spain to become employees
App-based food delivery firm Glovo's freelance riders in Spain will be hired as employees following pressure from the government to give them labour contracts, its German owners Delivery Hero said
Glovo Spain shifts to employment-based delivery model
The move follows a lack of final agreement on the classification of delivery riders under Glovo's operational model.
Spanish deliver company Glovo to employ riders on a permanent basis
Glovo, the Spanish subsidiary of the German food delivery service Delivery Hero, is to offer its riders permanent contracts to avoid possible legal uncertainties. The step, taken in response to accusations from Spain's labour authorities,
Delivery Hero says Glovo riders in Spain to become employees
Delivery Hero said on Monday that freelance riders at its Glovo unit in Spain will be hired as employees. "Glovo management ...
Delivery Hero SE (DHER) Initiated with a Hold at Citi
Delivery Hero SE (DHER – Research Report) received a Hold rating and a €42.00 price target from Citi analyst Monique Pollard today. The ...
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Delivery Hero sets final price in Talabat's Dubai IPO at $0.44 per share
Delivery Hero has set the price for the IPO of its Middle Eastern unit, Talabat, at 1.60 UAE dirhams ($0.44) per share. It ...
Delivery Hero's Talabat sets Dubai IPO price at top end, to raise $2 bln
Talabat, one of the largest food ordering businesses in the Middle East, is set to raise about $2 billion from the largest initial public offering in the United Arab Emirates, after its parent ...
Delivery Hero SE (DHER) Receives a Buy from Hauck & Aufhaeuser
Hauck & Aufhaeuser analyst Christian Salis maintained a Buy rating on Delivery Hero SE (DHER – Research Report) today and set a price ...
Delivery Hero CEO Says Talabat IPO Leaves Parent Company ‘Undervalued’
For Delivery Hero SE, the public listing of its Middle Eastern unit brings a much needed cash windfall — and a vexing problem ...
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Delivery Hero Tees Up Mega Dubai IPO of Middle Eastern Unit
Delivery Hero SE unveiled plans to list its Talabat unit in Dubai in what could be among the region’s biggest initial public offerings of the year. The German food delivery firm plans to sell a ...