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Drivers and Uber wondered whether they should be considered as employees of the company or independent contractors. Although Uber did not provide details on the settlement, Uber stated that he continued to believe that his drivers were independent contractors and not employees. Drivers can decide for themselves when they want to work for the company and for competitors such as Lyft (LYFT) in addition to Uber, the company noted.
Uber (UBER) disclosed the settlement was disclosed in a regulatory filing with the Securities and Exchange Commission on Thursday just prior to its IPO. Uber said the settlement would cost between $ 146 million and $ 170 million. He had already set aside $ 132 million for a settlement.
The tension with its drivers has hovered over Uber for years, and the company probably wants to end the problem as much as possible before its public launch on Friday. Uber said that more than 60,000 drivers in the United States had filed complaints challenging their status and that the regulation covered a "vast majority".
Pilots Uber and Lyft staged a strike Wednesday before the IPO. They are looking for sustainable income, job security and regulated rates, among other demands.
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