Uber drivers eye IPO riches, call for strike in U.S. and UK by leejane71 alexandriasage ReutersJF
NEW YORK - Some Uber Technologies Inc drivers in the United States and Britain said they will strike on Wednesday, protesting what they call low pay a day before the ride-services company launches its initial public offering, valuing it at as much as $90 billion.
Chief Executive Dara Khosrowshahi, hired to help move the company past a series of scandals and manage the IPO, has promised to treat drivers better. Uber is paying more than a million drivers about $300 million in one-time bonuses for instance, and has changed policies such as allowing riders to tip.
“Say no to greed,” announced British union group United Private Hire Drivers by Twitter, calling for a “digital picket line” in London and three other cities on Wednesday. Uber and Lyft have steadily chipped away at rates, particularly in the more established markets where they have cut back on incentives and bonuses to attract new drivers. They have also devised more complicated formulas for determining what riders pay and what drivers earn.
Uber noted that a recent study whose authors included current and former Uber employees showed driver gross earnings averaged $21 an hour.
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