22.5 C
Brunei
Tuesday, November 29, 2022
22.5 C
Brunei
Tuesday, November 29, 2022
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    Deliveroo confirms Dutch exit

    THE HAGUE (AFP) – International food delivery app Deliveroo confirmed yesterday it was quitting the Netherlands next month, saying it would take “disproportionate levels of investment” to remain competitive in the country.

    The British-based start-up said it will end all Dutch operations by the end of November.

    “Following consultation with employees and riders, Deliveroo has determined that achieving and sustaining a top-tier market position in the Netherlands would require a disproportionate level of investment,” Deliveroo said. Long-term potential returns would remain “highly-uncertain”, the London-based start-up said in a statement.

    Deliveroo in August said it was planning an exit from the country which it said represented a meagre one per cent of its turnover in the first half of this year.

    Compensation packages for riders have been agreed with the umbrella Dutch trade union federation FNV, it said.

     

     

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