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Fears about new EU gig economy rules hit Deliveroo, Just Eat Takeaway -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Deliveroo Delivery Rider Cycles in London, Britain. March 31, 2021. REUTERS/Toby Melville/File photo

LONDON, (Reuters) – Shares of gig economy companies fell sharply on Monday due to speculation that the European Commission will propose labour regulations to govern the gig economy.

Deliveroo and Just Eat Takeaway were lower by 5.6%, 4.6%, and 4.1%, respectively

Citi analysts wrote that Deliveroo could see significant profits if European workers in the gig economy are treated like employees and not contractors. This was according to Citi’s note on how new regulations might impact the sector.

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