Economy

Uber issues statement on CEO meeting with London regulators

Uber issues statement on CEO meeting with London regulators

Uber failed, said TfL, in its approach to reporting serious criminal offences and how medical certificates are obtained.

Uber's new global Chief Executive Dara Khosrowshahi is due in London on Tuesday to meet the head of the city's transport regulator in a bid to keep operating in one of its most important foreign markets. "We want to work with London to make things right", Uber said in a statement.

While talks with TfL about a potential rapprochement are to continue, Uber has until 13 October to lodge a legal appeal against the transport authority's decision.

The meeting comes a day after the resignation of Uber's United Kingdom boss, Jo Bertram, who quit just 10 days after the licence decision was announced, though she said the departure was unrelated to that decision.

There's also a sense that the London Mayor Sadiq Khan, who welcomed the apology, would like TfL to find a way to reach a deal with Uber in the longer run.

A meeting between the new boss of Uber and London's transport commissioner to discuss the firm's future in the capital was described by both sides as "constructive".

However, it has apologised for "mistakes" and said it could make concessions to be allowed to stay.

Uber has said it will launch an appeal against the decision.

In addition to the license battle, Uber is also facing a potentially damaging decision from an employment tribunal over its treatment of workers.

The meeting will consider proposals to strip early investors of super-voting power and secure a multibillion-dollar investment.

Trying to fix relations with the authorities in London, Khosrowshahi last week struck a more conciliatory tone in an open letter to Londoners, marking a new approach for a firm that has adopted a combative style to break into closed markets around the world.

The meeting comes as Mr Khosrowshahi faces pressure in the USA over former Uber boss Travis Kalanick's influence over the company's board.

Uber operates in more than 600 cities around the world, however a London ban would have a major impact on Uber. Uber's drivers have been protesting in London. London's second-biggest private hire firm, Addison Lee, said last week it was planning to increase its driver numbers in London by up to a quarter.