HomeFast FoodDeliveroo announces decision to end operations in Australia
Deliveroo announces decision to end operations in Australia
November 16, 2022
UK based Deliveroo announced that it has decided to end its operations in Australia. This decision is driven by the Company’s disciplined approach to capital allocation. Management is committed to driving growth and delivering on its path to profitability while aiming to have strong, profitable businesses in each of the markets in which it operates, built on the foundation of leading hyperlocal market positions.
The company’s Australian operation, which launched in 2015, is being placed into voluntary administration. Deliveroo has come under increasing pressure to treat its 15,000 riders as employees, with the country’s new government pledging to improve gig workers’ conditions.
It has also faced competition from rivals such as Uber Eats and Menulog. Deliveroo said it had stopped accepting orders through its app, with customers receiving an error message if they tried to place an order. During Australia’s election campaign this year Anthony Albanese, who is now the country’s prime minister, said he would work to improve the rights of workers if his party came to power.
Last month, Deliveroo also announced that it planned to quit the Netherlands market at the end of November. Deliveroo’s London-listed shares have lost around half of their value since the start of this year.
To provide the best experiences at 24x7 Business News website, we may use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.