Foodora Canada announces plans to close business
Canada is a highly saturated market for online food delivery and has lately seen intensified competition.
foodora has unfortunately not been able to reach a strong leadership position, and has been unable to reach a level of profitability in Canada that’s sustainable enough to continue operations.
Foodora Canada has filed a notice of intention to make a proposal; the details of the proposal have yet to be determined.
The business will continue to run until the end of the day on May 11, 2020.
Foodora Canada’s employees have received their notice today and will continue to be paid as stipulated in their contractual agreements.
The rider community has also been given notice period of termination. ■