Uber settles dispute with Australian taxi and hire car drivers
Uber will pay $178 million to settle a dispute with Australian taxi and hire car drivers who lost out when the company entered the market. The settlement ends a long-running class action lawsuit and marks the fifth-largest settlement in Australia's history.
Key Points
- Uber to pay 272 million Australian dollars ($178 million) to settle the dispute
- Maurice Blackburn Lawyers represented 8,000 affected drivers
- Uber describes complaints as 'legacy issues' and highlights the growth of the ridesharing industry
Pros
- Financial compensation for 8,000 taxi and hire car drivers affected by Uber's aggressive entry into the market
- Resolution of a long-running dispute through a $178 million settlement
Cons
- Losses suffered by drivers and car owners due to Uber's market entry
- Uber's initial refusal to compensate affected individuals
- Legacy issues in the taxi industry due to the rise of ridesharing