The takeaway delivery group Just Eat has announced plans to buy back up to €150m (£132m) of shares from investors weeks after cutting 1,700 couriers in the UK.
Takeaway sales have fallen back after demand soared during the pandemic.
Most UK couriers working for the company are classified as self-employed independent contractors.
Just Eat had offered more than 2,000 of its UK personnel a“worker” status that guarantees holiday pay, at least the legal minimum wage an hour worked and other benefits including pension rights. However, it announced last month it was scrapping those contracts and making all couriers self-employed in the UK, in line with rivals such as Deliveroo.
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