Union urges Deliveroo investors to push worker rights ahead of £8.8 billion IPO

A union has urged potential Deliveroo investors to push against workers’ rights and human capital concerns ahead of the company’s Initial Public Offering (IPO) on the London Stock Market Exchange.

The Independent Workers’ Union of Great Britain (IWGB), alongside ShareAction and The Private Equity Stakeholder Project, has released an investor briefing outlining the “significant financial and reputational risks associated with investment” including “poverty pay”, health and safety concerns, litigation and industrial action.

The briefing urges investors to “engage Deliveroo and its ownership around the need for the correct employment status classification of riders and the implementation of a minimum standards guarantee (a real living wage plus costs, holiday pay and sick pay)” and to “request the establishment of fair and transparent appeals for overseeing riders concerns and terminations.”

The briefing follows an investigation by the Bureau of Investigative Journalism (TBIJ) which analysed thousands of invoices from some 300 Deliveroo riders.

The investigation found that a third of those surveyed, who are designated key workers during the coronavirus pandemic, were earning less than the national minimum wage of £8.72 and that the lowest paid rider received just £2 an hour. 



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