Friday, December 26
Shares of Swiggy slipped nearly 2% in Friday’s trading sessionfalling to around Rs 392amid concerns over operational disruptions and rising labour unrest after delivery and gig workers called for an all-India strike on December 25 and December 31.
Delivery workers associated with major food delivery, quick commerce, e-commerce, and home services platforms — including Swiggy, Zomato, Zepto, Blinkit, Amazon, and Flipkart — have announced coordinated strike action to protest against what they describe as worsening working conditions. Worker unions cited issues such as declining earnings, long working hours, unsafe delivery targets, arbitrary ID blocking, lack of job security, and absence of social security benefits.
According to statements issued by the Telangana Gig and Platform Workers Union (TGPWU) and the Indian Federation of App-Based Transport Workers (IFAT)delivery workers are demanding a fair and transparent wage structureimproved safety measures, humane working conditions, and an immediate rollback of 10-minute delivery modelswhich they argue compromise worker safety.
The strike has also renewed calls for government regulation of digital delivery platformsadding to investor caution around the sector. While the immediate financial impact remains uncertain, markets appear to be factoring in potential short-term disruptions, reputational risks, and regulatory overhangleading to selling pressure in Swiggy shares.
The stock opened lower and remained under pressure in early trade as investors assessed the implications of labour unrest on platform operations during the year-end period.
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