Uber Loses UK Supreme Court Fight, Must Classify Drivers As Workers Uber Loses UK Supreme Court Fight, Must Classify Drivers As Workers Taxi ride-hailing giant Uber must classify its drivers as workers with minimum wage, holiday and sick pay rights, rather than be categorised as self-employed, the UK Supreme Court ruled on Friday.
Uber must classify its drivers as workers instead of self-employed, the UK Supreme Court ruled on Friday
London:
Taxi ride-hailing giant Uber must classify its drivers as workers with minimum wage, holiday and sick pay rights, rather than be categorised as self-employed, the UK Supreme Court ruled on Friday.
The UK Supreme Court has ruled Uber must classify its drivers as workers rather than self-employed, which could have wider consequences for the gig economy.
Uber has lost the final appeal in a long running UK legal battle over whether its drivers are self-employed or legally-recognized workers with all the attendant rights. The ruling could have big implications for its business model in the country.
Fri, 19th Feb 2021 10:44
(Alliance News) - The following is a summary of top news stories Friday.
COMPANIES
NatWest Group posted a swing to loss in 2020 and confirmed that it will withdraw from the Republic of Ireland, with the lender in talks with other banks to dispose of assets belonging to its Ulster Bank unit. For the year ended December 31, NatWest posted a swing to pretax loss of GBP351 million from a profit of GBP4.23 billion in 2019. In the fourth quarter alone, NatWest managed a profit, but pretax profit came in 96% lower year-on-year at GBP64 million. Total income - a measure which includes net interest income as well as non-interest income such as fees - was sharply lower in 2020. Total income fell 24% to GBP10.80 billion from GBP14.25 million. In the fourth quarter alone, it was down 43% to GBP2.42 billion. For 2020, the lender posted impairment losses amounting to GBP3.24 billion, up sharply from GBP696 million in 2019. NatWest declared a 3 pence per share dividend f