Uber, Lyft agree to minimum pay, benefits in Massachusetts settlement [Yahoo! Finance]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Yahoo! Finance
The rideshare companies will be required to pay drivers a minimum of $32.50 an hour, provide one hour of paid sick leave for every 30 hours worked, offer a stipend to buy into the state's paid family and medical leave program and allow drivers to pool their hours across companies to receive a health care stipend. Uber must also pay the state $148 million to resolve alleged labor violations, while Lyft must pay $27 million. “For years, these companies have underpaid their drivers and denied them basic benefits,” Massachusetts Attorney General Andrea Joy Campbell said in a statement. “I want to thank my team, whose hard work has secured a standard of dignity for every driver across the state, and our labor allies and the drivers themselves for the tireless work and advocacy,” she added. Uber and Lyft also touted the settlement as a win, emphasizing that the agreement grants drivers new benefits while maintaining flexibility. “This agreement is an example of what independent,
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UBER
Earnings
- 5/8/24 - Miss
UBER
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- 6/20/24 - Form 4
- 6/18/24 - Form 4
- 6/18/24 - Form 4
- UBER's page on the SEC website