Money

Uber deal for UK rideshare drivers

Published

5 years ago

May 27, 2021

One of the world’s largest ride-sharing company, Uber has reached a historic deal with a trade union in the United Kingdom (UK).

A UK court granted over 90,000 Uber drivers with workers’ rights, through a collective bargaining agreement.

The GMB Union represents over 620,000 members across several industries. However, GMB’s National Officer, Mike Rix explained this deal is an important step.

“This agreement shows gig economy companies don’t have to be a wild west on the untamed frontier of employment rights.”

Uber officially recognised the union after a ruling by Britain’s Supreme Court in February.

“Whilst Uber and GMB may not seem like obvious allies, we’ve always agreed that drivers must come first, and today we have struck this important deal to improve workers’ protections,”
UBER EUROPE EXECUTIVE, JAMIE HEYWOOD

The Uber deal allows GMB to represent drivers if they lose access to Uber. Additionally, it will ensure two-way communication between management and drivers to discuss issues and concerns.

Also, the landmark deal will allow GMB to work with Uber on earning principles, pension entitlements and other benefits.

“Uber is the only major player in the industry to provide drivers with a National Living Wage guarantee, holiday pay and a pension.

“This historic agreement means that Uber will be the first in the industry to ensure that its drivers also have full union representation,” Mr Heywood said.

The deal is a first between a union and a gig economy ridesharing service, like Uber. But the deal does not apply to Uber’s food delivery service, Uber Eats.

The UK has recently seen a spike in Uber drivers, as demand increases in the wake of the nation’s lockdown.

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Costa Haritos

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Money

Commodities surge as oil volatility and metals hit record highs

Oil prices fluctuate due to geopolitical tensions; precious metals soar amid inflation concerns, sparking a commodities rally.

Published

2 days ago

January 16, 2026

Harvey Vargas

Oil prices fluctuate due to geopolitical tensions; precious metals soar amid inflation concerns, sparking a commodities rally.

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To unpack what this means for markets and investors, we’re joined by Kyle Rodda from Capital.com to break down the key drivers behind this powerful commodities rally.

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Stocks slide and Trump cancels talks: What’s next for markets and Greenland?

U.S. stocks dip; S&P 500 down 0.9%, as investors react to weak bank earnings and market volatility.

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4 days ago

January 15, 2026

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U.S. stocks dip; S&P 500 down 0.9%, as investors react to weak bank earnings and market volatility.

U.S. stocks fell for a second day on Wednesday, with the S&P 500 dropping 0.9% and the Dow Jones losing 164 points. Investors are reassessing record-high levels as major banks report weaker-than-expected earnings.

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U.S. budget deficit falls to $1.67 trillion

US budget deficit falls to $1.67 trillion amid tariffs; implications of corporate taxes and Supreme Court rulings discussed.

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