Amsterdam-based Just Eat Takeaway.com, an online food delivery marketplace, is reportedly planning to cut 1,870 jobs in the UK due to a decline in sales.
According to the BBC, the Dutch firm will stop employing its couriers and use contractors instead, resulting in 1,700 job losses. 170 operational roles will also be affected by this move.
The drivers and riders impacted by this move have been given six weeks’ notice.
“We have proposed to transition away from the worker model for couriers, which is a small part of our overall delivery operations – running in certain parts of six UK cities,” says a spokeswoman.
The announcement comes a week after Just Eat Takeaway.com announced filing for deregistration from the SEC in the US. Through deregistration, the company intends to reduce reporting costs and complexity.
The company’s primary reasons for deregistration include the inadequate trading volumes of its securities in the US along with the considerable expenses associated with staying registered under the Exchange Act.
Earlier this month, Just Eat Takeaway also announced that due to acquisition write downs, a challenging economic environment, and increasing interest rates, the company incurred a significant loss of approximately €5.7B in the previous year.
Just Eat Takeaway.com
Headquartered in Amsterdam, Just Eat Takeaway.com is focused on connecting consumers and partners through its platforms.
With 692,000 connected partners, the Dutch company offers consumers a wide variety of food choices.
Just Eat Takeaway.com has rapidly grown to become a leading online food delivery marketplace with operations in the United States, the United Kingdom, Germany, the Netherlands, Canada, Australia, Austria, Belgium, Bulgaria, Denmark, France, Ireland, Israel, Italy, Luxembourg, New Zealand, Poland, Slovakia, Spain, and Switzerland.
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