Uber drivers strike over low wages in London & New York ahead of IPO


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Uber drivers strike over low wages in London & New York ahead of IPO

On Wednesday, the 8th of May 2019, Uber drivers of New York and London had started a cascade of multi-city strikes, protesting against a poor working condition and low-wage in contrast to traditional taxi drivers. Nevertheless, had the protests been successful, it would become more difficult for the loss-making Uber Technologies to fathom up a growth momentum and to convince its investors about the prospects of its profitability ahead of its Friday’s (May 10th) blockbuster stock market debut.

Over Wednesday’s protest, protestors were seen to be rallying over the roads of London and New York, however, according to multiple news agency reports, the number of protestors had been much thinner in contrast to another 2-hour protest last week over the roads of New York.

Nevertheless, Drivers Union in United Kingdom had been quoted saying following the protest that the strike had been stronger-than-anticipate, while most of the Uber’s drivers were staying at home. While Uber drivers had been in a protest over the roads of New York on Wednesday (May 8th), echoing their voice, the leader of UK’s oppositional Labor Party, Jeremy Corbyn said, “Stand with these workers on strike today, across the UK and the world,” signaling that the ride-hailing ventures may have tougher times ahead on a British House of Commons controlled by its Labor party amid frequent discussions on Conservative PM May’s resignation.