Uber, Lyft drivers fear unemployment benefits will be used against them


A driver and passenger wearing protective masks exit the ride sharing pickup area in a car displaying Uber Technologies signage at San Francisco International Airport in San Francisco, California, U.S., on Monday, May 4, 2020. Photographer: David Paul Morris/Bloomberg via Getty Images


Leonardo Diaz is in a tough spot.

Diaz, a driver for Uber and Lyft, has been unemployed for more than two months.

The 51-year-old hasn’t picked up riders for fear of contracting Covid-19 and, in turn, infecting his family.

But Diaz, a Los Angeles resident, is also afraid to apply for unemployment benefits, as nearly 39 million

Read More

Kuehne+Nagel owner sees about 20,000 job cuts: Die Welt


FILE PHOTO: The logo of Swiss logistics group Kuehne + Nagel is seen at its headquarters in Schindellegi, Switzerland October 17, 2018. REUTERS/Arnd Wiegmann

ZURICH (Reuters) – Freight-forwarder Kuehne+Nagel (KNIN.S) may cut more than 20,000 jobs, with warehouse workers most affected, as the coronavirus-caused economic crisis hits shipping, controlling shareholder Klaus-Michael Kuehne said in an interview.

Kuehne+Nagel, which employs 83,000 people, will likely cut jobs in locations such as the United States that unlike some European countries does not have a system of short-time working to fall back on to prevent massive layoffs, he told Germany’s Die Welt

Read More

Uber customer claims company won price-fixing suit because arbitrator was scared


NEW YORK (Reuters) – An Uber customer on Friday asked a Manhattan federal judge to overturn an arbitration win for the company in a price-fixing case, arguing that the arbitrator only ruled in Uber’s favor because he was scared.

FILE PHOTO: The Uber logo is displayed on a mobile phone in this picture illustration taken November 25, 2019. REUTERS/Hannah McKay/Illustration

Spencer Meyer initiated the high-profile 2015 antitrust lawsuit alleging that Uber Technologies Inc engaged in an illegal conspiracy with its drivers to coordinate high “surge pricing” fares during periods of heavy demand by agreeing to charge prices set by an

Read More

Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemic


NEW YORK (Reuters) – The more than a century old car rental firm Hertz Global Holdings Inc (HTZ.N) filed for bankruptcy protection on Friday after its business all but vanished during the coronavirus pandemic and talks with creditors failed to result in needed relief.

FILE PHOTO: A Hertz rental car sign is placed outside a rental lot near Detroit Metropolitan airport in Romulus, Michigan May 9, 2011. REUTERS/Rebecca Cook

Hertz said in a U.S. court filing on Friday that it voluntarily filed for Chapter 11 reorganization. Its international operating regions including Europe, Australia and New Zealand were not

Read More