Eyeing IPO riches, Uber drivers go on strike in U.K. and U.S.

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Uber drivers strike in U.S. and UK as IPO looms

LONDON/NEW YORK - Uber drivers in London and New York started a day of strikes on Wednesday to protest the disparity between gig-economy conditions and the sums that investors are likely to make in Friday’s blockbuster stock market debut.

“Stand with these workers on strike today, across the UK and the world,” said Jeremy Corbyn, the leader of Britain’s opposition Labour Party. “Whether it’s being able to track your earnings or stronger insurance protections, we’ll continue working to improve the experience for and with drivers,” the company said.Uber has steadfastly, and mostly successfully, beaten back attempts to compel it to treat drivers as employees, arguing that its main business is a platform that brings riders and drivers together. And the money-losing company is under pressure to cut costs.

It was not clear how many drivers were participating in the U.S. strikes. U.S. representatives for Uber and Lyft did not immediately respond to calls for comment early Wednesday.

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