Uber Loses Fight to Keep U.K. Driver Contractor Status
Uber Technologies (NYSE: UBER) has lost its appeal in a U.K. court battle, and will now reclassify drivers as "workers," a designation different than "employee" in the U.K.
Workers remain self-employed for tax purposes. As workers rather than independent contractors, Uber said in a Securities and Exchange Commission filing, its drivers in the U.K. will be eligible for vacation pay and benefits including a pension plan.
Source Fool.com
