About: http://data.cimple.eu/news-article/a0c24608830402f853b07126011f9e39c2d56b342701a49bc75a3845

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rdf:type	schema:NewsArticle
schema:articleBody	British asset management firm Aviva Investors said Wednesday it does not want to invest in Deliveroo's upcoming IPO due to the job insecurity of the meal delivery platform's riders. Delivery platforms such as Deliveroo have come under mounting pressure over paying riders as freelancers rather than workers. David Cumming, chief investment officer at Aviva, told the BBC's Today Programme that the classification means that riders "don't necessarily get basic rights for minimum wage, sick leave or holidays". He said that was one of the reasons that Aviva Investors, which manages 365 billion pounds ($500 billion) in assets, won't be investing in Deliveroo. The eight-year-old delivery platform hopes for a market capitalisation of between £7.6 billion and £8.8 billion when it lists its shares next month in London. Cumming said investors were taking social responsibilities "a lot more seriously". He also noted the risk for investors that Deliveroo could be forced to reclassify its "self-employed" riders as workers. That just happened for ride-hailing app Uber, whose drivers won a favourable ruling from Britain's Supreme Court. Deliveroo's 100,000 riders deliver meals for 115,000 restaurants in 800 cities across the world. The company, which aims to expand to delivering groceries in partnership with supermarkets, currently has Amazon as one of its leading investors. jbo/rl/dl
schema:headline	Asset manager passes on Deliveroo over job insecurity
schema:mentions	Market capitalization Deliveroo Initial public offering USA Gymnastics Management Uber Amazon rainforest BBC London Supreme Court of the United States United Kingdom David Cumming Today (BBC Radio 4) Aviva Investors Aviva Jodrell Bank Observatory Asset management
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-24 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	71 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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