Uber, Lyft drivers on global strike just before Uber's IPO

Uber's hotly anticipated stock market launch is expected to be one of the biggest IPOs in history

APUber's hotly anticipated stock market launch is expected to be one of the biggest IPOs in history

Drivers and labour groups are also expected to hold press conferences and protests outside Uber and Lyft offices.

Thousands of Uber and Lyft drivers are planning to turn off their apps and strike Wednesday, the same day ride-share giant Uber is set to go public. As tokens of goodwill, the companies have offered drivers who meet certain thresholds cash bonuses ahead of going public.

It's unclear how disruptive the demonstration will be.

Stack-Martinez said activists and drivers are monitoring Uber to see how the platform engages with the protests on Wednesday. In some markets, drivers are asking passengers to support their cause by boycotting the services in cases where drivers are working.

"Wall Street investors are telling Uber and Lyft to cut down on driver income, stop incentives, and go faster to driverless cars", Bhairavi Desai, executive director of the NY association, said in a statement.

"We´ve spoken with hundreds of drivers, and they know that it´s wrong for Lyft and Uber executives to make millions while drivers can´t afford healthcare", said Stan De La Cruz, a member of the Washington group.

Boston ride-hail users traveling to and from Logan International Airport on Wednesday may want to have a Plan B.

But these minor upsides are no match for the app's considerable problems. Metro says it will have extra trains and buses at the ready. A conventional factory has a bunch of full-time workers who work shoulder to shoulder. Filing" - "Uber, the ride-hailing service that has upended transportation around the world, took a major step toward the largest initial public offering in years when it officially unveiled its finances in a prospectus on Thursday. Uber didn't respond to a request for comment.

The company also said it would "continue working to improve the experience for and with drivers" and that those efforts could include moving toward "more consistent earnings, stronger insurance protections or fully-funded four-year degrees for drivers or their families". Ahead of the actions, Lyft said its hourly wages have risen over the last two years and average over $20 per hour.

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Don Creery, another Uber driver, said the strike is "the culmination of years of pay being cut by constant rate reductions".

This strike will take different forms in different cities, butin the LA metro area the strike will last for 24 hours, with a picket line at LAX airport and a noon rally.

Demonstrations took place in 10 US cities, including Chicago, Los Angeles, New York, San Francisco and Washington, as well as some European locations like London. He said he's given about 5,000 rides with Uber, but he still can barely earn a living. Far pay. When do we want it? "That will ultimately displace at least some of its drivers", he added.

There was little initial evidence of a lack of drivers in London or NY, two of Uber's largest markets, with the app showing numerous rides available.

"This is an act of solidarity with drivers across the country, and really across the world, who are suffering with poverty wages".

The TWU argues the effective earnings of Uber and UberEats drivers often come under minimum wage.

Daniel Ives, an analyst at Wedbush Securities, said Uber´s rideshare "take rate" increased slightly to 21.7 percent in 2018 but that this will remain a hot point of contention for Uber.

"There are real safety and financial concerns in the workplace", Wells said.

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