Deliveroo to make permanent employees shareholders

16 May 2018 by
Deliveroo to make permanent employees shareholders

Deliveroo has announced that it will make all permanent employees shareholders in a move worth almost £10m.

All permanent staff, present and future, will be given share options, but this will not be extended to the company's delivery drivers, who are classed as self-employed.

In a message to Deliveroo's approximately 2,000 staff, founder and CEO Will Shu, said he wanted all employees "to be owners" adding that the share option was "his way of thanking staff at the company and a way of making sure this truly is our company in every way".

The £10m value subscribed to the shares should see each office worker receive a stake in the company worth approximately £5,000.

Shu said: "Employees at Deliveroo have made the company what it is today, and what sets us apart is our immense hunger to win, strong focus and care and a clear vision for the future.

"Our phenomenal growth and success has been made possible thanks to the hard work, commitment and passion of the people who make this company what it is, and that deserves recognition which is why I want all employees to be owners in Deliveroo and to have a real stake in the company's future as we expand and grow."

Last week Deliveroo announced it would provide all delivery drivers with free insurance.

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