- China's Uber Technologies UBER equivalent DiDi Global Inc DIDI is exploring a landmark move to set up a union for its staff, Reuters reports.
- The company's Beijing headquarters' employees will manage the union, and the government-backed All-China Federation of Trade Unions (ACTFU) will guide the union.
- The union will likely welcome Didi's drivers lacking full employee benefits, Bloomberg reports.
- Didi had recently introduced a driver pay transparency feature in its app amid criticism. In July, China issued guidance on safeguarding the rights of gig economy workers and suggested the formation of unions.
- Food delivery leader Meituan MPNGY is also studying the feasibility of internal labor rights organizations. Alibaba Group Holding Ltd BABA employees also harbor similar aspirations.
- In the U.S., Amazon.com Inc's AMZN Alabama workers had opposed joining a union earlier this year.
- Price Action: DIDI shares traded higher by 0.73% at $8.22 in the premarket session on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in