Deloitte 'pulls Glovo's ears' for the provision of the bonus to leadership and squad (Glovo amarra el bonus de su cúpula pero se niega a cubrir la deuda con los riders)

Deloitte, the auditor of Glovo, has demanded more information from Glovo on the way in which the bonus to the top management and part of the staff is provisioned. Glovo has set aside €3.4 million in the accounts, but has not made any updated estimate. Meanwhile, the company has confirmed a loss of almost €200 million in 2019 while has assured that it has alternative measures to adapt its business model and guarantee future viability if it has to employ its delivery couriers. Deloitte has warned of the decision not to provision the almost €14 million euros owed to the Social Security at the beginning of 2020, the closing date of the accounts.

Martínez J. (2021), ‘Deloitte 'pulls Glovo's ears' for the provision of the bonus to leadership and squad (Glovo amarra el bonus de su cúpula pero se niega a cubrir la deuda con los riders)’, La Información, 12 Feb.

Metadata

  • Article
  • Spain
  • Yes
  • transport
  • On-location platform-determined routine work
  • Glovo
  • employment status, information asymmetry, Sector aspects, competition, lobbying
  • Spanish
  • Lainformacion
  • 2021
  • Open access
Disclaimer  —  Eurofound aims to keep the information in this database up to date and accurate. If errors are brought to our attention, we will try to correct them. However, Eurofound bears no responsibility or liability whatsoever with regard to the accuracy or content of this database or of external links over which Eurofound services have no control and for which Eurofound assumes no responsibility.