On Monday it was revealed that Deliveroo’s much-anticipated IPO projections would be cut by nearly £1billion – or 30% of the expected financial compensation – over concerns regarding the treatment of couriers.
According to reports by CNBC, several large-scale investors, including largest UK fund manager Legal and General Investment Management, alleged that they would be shunning the IPO on April 7 over concerns around workers’ rights within the organisation, and Deliveroo’s ongoing disagreements with its workers’ union.
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