Delivery Hero's food delivery app Glovo says it will move to an employment-based model for its drivers in Spain, and anticipates a €100M earnings hit in 2025
The company, which owes €267M in unpaid social security contributions, says it will hire delivery drivers directly. apnews.com/article/spai... X: Mario Nawfal / @marionawfal : 🇪🇸SPANIARDS BRACE FOR “GOLD-PLATED” DELIVERY FEES AS GLOVO GOES LEGIT Glovo's hiring its 15,000 riders as employees in Spain, dropping €100M to comply with labor laws. The result? Delivery Hero's shares tanked 10%, and your late-night tapas run might now cost as much as a [video] @realbobbyhealy : The economics of road-based delivery have always been hard. It's just gotten a whole lot worse. https://www.reuters.com/...