🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Just Eat Takeaway to end Paris delivery service, around 100 jobs affected

Published 01/18/2024, 10:31 AM
Updated 01/18/2024, 12:06 PM
© Reuters. FILE PHOTO: A Just Eat delivery rider cycles through Manchester, Britain, August 23, 2023. REUTERS/Phil Noble/File Photo
JETJ
-

AMSTERDAM (Reuters) -Just Eat Takeaway will close its in-house delivery service in Paris, Europe's largest meals delivery company said on Thursday, a move which could impact around 100 jobs.

Just Eat has championed employing its own couriers in Europe rather than using "self-employed" couriers as is common in the gig economy and favoured by competitors such as Uber (NYSE:UBER) and Deliveroo (OTC:DROOF), which are both bigger in France.

Just Eat said it was at a competitive disadvantage in France as a result, and abandoned its in-house delivery operations in most of France in 2022 in favour of a third-party courier service, Stuart, which uses self-employed couriers.

In Paris the company will now move to a similar model, a Just Eat Takeaway France spokesperson said in a statement.

CEO Jitse Groen, speaking to reporters on Wednesday, criticised the European Union's failure to approve the Platform Work Directive, a law which would create a "presumption of employment" for gig workers.

© Reuters. FILE PHOTO: A Just Eat delivery rider cycles through Manchester, Britain, August 23, 2023. REUTERS/Phil Noble/File Photo

"I think it's a shame that European governments, especially the ones that have very stringent strong (labour) beliefs, such as France, are opposing this legislation," he said.

Earlier this week, Just Eat Takeaway said it expected to report 2023 core earnings ahead of its forecast, after it broke even on free cash flow in the second half of 2023.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.