Uber founder aims to create 50,000 new jobs in Europe

Uber co-founder Travis Kalanick has pledged to create 50,000 jobs across Europe this year and remove 400,000 privately owned cars off the road in the process. The expansion of the taxi app business will be funded by $1.2bn raised from investors in December. The investment valued the company at $40bn (£26bn). Speaking at a conference in Munich, Mr Kalanick stressed that European cities should have strong rules for checking drivers' suitability, although he also called for an end regulations that prevent drivers working for more than one service or limit the number of taxi jobs. His company carried one million passengers and created 7,800 jobs in London last year and is growing at a rate of 'five or six times', with 500,000 cab journeys and 3,500 jobs in Paris, Mr Kalanick said.

 

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