Swiggy, Eternal Shares Fall 2% After Nationwide Gig Workers Strike

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Stocks Under Pressure

Swiggy and Zomato-parent Eternal shares declined nearly 2% after delivery partners announced an all-India strike on December 25 and December 31

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Sharp Decline in Prices

Swiggy shares fell to ₹391.40, marking the fourth straight losing session. Eternal shares slipped to a five-month low of ₹279.70

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Why Are Delivery Workers Protesting?

Unions cite falling earnings, long work hours, unsafe delivery targets, arbitrary ID blocking, and lack of social security benefits

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Key Demands from Workers

Workers demand fair pay, safer delivery timelines, transparent account policies, accident insurance, rest breaks, and withdrawal of ultra-fast delivery models

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More Pressure from Zepto IPO

Investor sentiment weakened further as quick commerce rival Zepto is expected to confidentially file draft IPO papers soon

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With Our Subscription Plans

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Swiggy, Eternal Shares Fall 2% After Nationwide Gig Workers Strike

Stocks Under PressureSwiggy and Zomato-parent Eternal shares declined nearly 2% after delivery partners announced an all-India strike on December 25 and December 31

Sharp Decline in PricesSwiggy shares fell to ₹391.40, marking the fourth straight losing session. Eternal shares slipped to a five-month low of ₹279.70

Why Are Delivery Workers Protesting? Unions cite falling earnings, long work hours, unsafe delivery targets, arbitrary ID blocking, and lack of social security benefits

Key Demands from Workers Workers demand fair pay, safer delivery timelines, transparent account policies, accident insurance, rest breaks, and withdrawal of ultra-fast delivery models

More Pressure from Zepto IPOInvestor sentiment weakened further as quick commerce rival Zepto is expected to confidentially file draft IPO papers soon