Uber, Lyft Reach Agreement With Massachusetts on Driver Benefits [BNN Bloomberg (Canada)]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: BNN Bloomberg
The companies also will pay a combined $175 million to the state to settle allegations they violated Massachusetts wage and hour laws, state Attorney General Andrea Campbell said Thursday in a statement. Uber and Lyft will put in place a minimum wage standard for active driving time, offer paid sick leave and pay a cash stipend for health insurance, among other changes, Campbell said in the statement. “We've resolved historical liabilities by constructing a new operating model that balances both flexibility and benefits,” Uber Chief Legal Officer Tony West said in a separate statement. Campbell's lawsuit against Uber and ride-hailing peer Lyft had been at trial with closing statements expected Friday. The agreement announced Thursday ends the case. The settlement is a win for companies like Uber and Lyft. They have sought for years to reach deals with unions and lawmakers in the US that would provide drivers with new benefits, while ensuring the firms can still classify them
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