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Spain, Delivery Hero
Delivery Hero says Glovo riders in Spain to become 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 sees 100 million euro hit from making Spanish riders employees
Delivery Hero will hire freelance riders at its Glovo unit in Spain as full-time employees, the food delivery firm said on Monday, warning of a 100 million euro ($105 million) hit to earnings and sending its shares down almost 10%.
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 Monday.
Delivery Hero: Glovo to Move to Employment Based Model for Delivery Riders in Spain
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client relationships and build investor experiences. Learn More. Back To Top
Delivery Hero sees 100 million euro earnings hit as it hires Spanish riders
Delivery Hero said on Monday that freelance riders at its Glovo unit in Spain will be hired as employees, with the move denting its 2025 adjusted core earnings by 100 million euros ($105.1 million) Its shares fell were down 9.
Olive Press
3h
Spain’s ‘Big Brother Law’ for tourists comes into effect today – here’s what you need to know
HERE’S what you need to know about Spain’s ‘Big Brother Law’ coming into effect today. From today, you could be fined up to ...
Time Out
1h
Everything you need to know about the new Spain travel rules starting today
It ’ s because of a new law coming into effect which aims to improve Spain ’ s national security. The law requires ...
2h
on MSN
Anonymous Content España, ‘Patria' Producer Alea Media Team on Series Based on Spain's Deadly Toxic Oil Syndrome (EXCLUSIVE)
Anonymous Content España, backed by Anonymous Content and Spain's Morena Films ("Piggy," "Below Zero"), is teaming with Alea ...
4h
Spain holiday rules for Brits heading to EU in place from Monday will make trips 'much harder'
The new government decree demands businesses collect up to 31 pieces of data from tourists, including contact details, family ...
1h
on MSN
Cruise ship passengers abandon Europe as they say Spain, Greece and Italy ‘are sick of us’
And it's not just Europe that's being ditched for the islands of Central America. Huge cruise company Norweigan Cruise Line ...
2h
on MSN
Spain scoop the lot in remarkable year
From the Champions League to the Olympics, via a dominant Euro 2024, Spain were the truly dominant force in club and ...
2h
on MSN
New Spain travel rules for UK tourists lead to boycott calls
Britons have been left furious after Spain announced that from this week, all older teenagers and adults will be required to ...
37m
UK tourists will 'never holiday in Spain again' amid backlash following new rules
A new Spanish law, aimed at improving security, stipulates that the providers must collect a lot of fresh information from ...
2h
New Spain rules for UK tourists start in days and will make holidays 'much harder'
Spain is a popular destination for British holidaymakers but new government rules that come into force on Monday will make it ...
3d
on MSN
Spain approves law allowing 4 days of 'paid climate leave' after recent deadly floods
Spain's new law offers four days of paid climate leave to workers who are unable to get to work safely or work remotely ...
7h
Brits consider boycotting Spain over new stringent travel data requirements starting today
The new measures require 31 pieces of information to be collected from older teenagers and adults, including names, ID ...
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