Wounded Warrior Project Supports Bill Introduction for Global War on Terrorism Memorial

WASHINGTON, Feb. 19, 2021 /PRNewswire/ — Wounded Warrior Project® (WWP) applauds the recent introduction of H.R.1115, The Global War on Terrorism Memorial Location Act of 2021. When signed into law, this act will provide the Congressional authority needed to build the Global War on Terrorism Memorial in the Reserve of the National Mall in Washington, DC. The Global War on Terrorism Memorial will be a monument dedicated to the brave men and women who…

WASHINGTON, Feb. 19, 2021 /PRNewswire/ — Wounded Warrior Project® (WWP) applauds the recent introduction of H.R.1115, The Global War on Terrorism Memorial Location Act of 2021. When signed into law, this act will provide the Congressional authority needed to build the Global War on Terrorism Memorial in the Reserve of the National Mall in Washington, DC. The Global War on Terrorism Memorial will be a monument dedicated to the brave men and women who fought and made the ultimate sacrifice in the wars against terrorism since Sept. 11, 2001.

«As we approach the 20-year mark since the 9/11 attacks, Wounded Warrior Project is proud to support this fitting tribute that will stand alongside other notable monuments in DC. May it serve as a prominent reminder of the brave men and women who fought and sacrificed so much for their country,» said WWP CEO Lt. Gen. (Ret.) Mike Linnington. «We believe this generation of warriors has earned their own place on the mall and should be recognized and honored for their service at the Global War on Terrorism Memorial.»

This legislation was introduced by co-sponsors who are combat veterans, Reps. Jason Crow (D-CO) and Mike Gallagher (R-WI), with the full support of WWP and other veterans service organizations. WWP fully supports this effort, and its goal is to see the bill enacted before Memorial Day 2021.

Read more about the legislation here. Learn more about WWP’s other legislative priorities and how we work with our nation’s leaders to improve the lives of wounded veterans and their families.

About Wounded Warrior Project
Since 2003, Wounded Warrior Project® (WWP) has been meeting the growing needs of warriors, their families, and caregivers — helping them achieve their highest ambition. Learn more.

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SOURCE Wounded Warrior Project

Tae-Hoon Kim Hits Hole-In-One At The Genesis Invitational, Wins G80 Executive Sedan

PACIFIC PALISADES, Calif., Feb. 19, 2021 /PRNewswire/ — Today, during the first round of The Genesis Invitational at The Riviera Country Club, professional golfer Tae-Hoon Kim hit a hole-in-one on the 16th hole winning an all-new 2021 Genesis G80 executive sedan. Having previously won the 2020 Genesis Championship in Incheon, Korea, Tae-Hoon continues to dazzle viewers with his inspiring play.

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PACIFIC PALISADES, Calif., Feb. 19, 2021 /PRNewswire/ — Today, during the first round of The Genesis Invitational at The Riviera Country Club, professional golfer Tae-Hoon Kim hit a hole-in-one on the 16th hole winning an all-new 2021 Genesis G80 executive sedan. Having previously won the 2020 Genesis Championship in Incheon, Korea, Tae-Hoon continues to dazzle viewers with his inspiring play.

«We are so proud of Tae-Hoon and are pleased that an emerging talent sharing our Korean roots is already having success here in the early rounds of our hometown Genesis Invitational,» said Mark Del Rosso, President & CEO of Genesis Motor North America.

The G80 that Tae-Hoon Kim will be taking home is at the core of the Genesis sedan lineup and offers a perfect balance of comfort and refined performance.

During today’s first round, the par-3 16th hole played 168 yards long.

About The Genesis Invitational

One of the most historic and longest-running events on the PGA TOUR, The Genesis Invitational celebrates its 95th playing, February 15-21, 2021, at historic Riviera Country Club. With TGR Live serving as the event management company for The Genesis Invitational, the primary benefiting charity is TGR Foundation, with proceeds from the event supporting the foundation’s education programs in Southern California. The tournament’s title sponsor is Genesis, a global luxury automotive brand that delivers the highest standards of performance, design and innovation. For more information about The Genesis Invitational, visit GenesisInvitational.com and follow the tournament on Facebook, Twitter and Instagram @TheGenesisInv.

Genesis Motor America

Genesis Motor America is headquartered in Fountain Valley, California. Genesis is a global automotive brand that delivers the highest standards of performance, design, and innovation. Genesis offers a range of models including the G70 sport sedan, G80 executive sedan, the flagship G90 sedan, and the GV80 sport utility vehicle.

Please visit our media site for the latest news at www.genesisnewsusa.com.

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SOURCE Genesis Motor America

Aeromexico Draws Third and Final Disbursement Under DIP Financing

MEXICO CITY, Feb. 19, 2021 /PRNewswire/ — Grupo Aeroméxico, S.A.B. de C.V. («Aeromexico» or the «Company») (BMV: AEROMEX). As a follow up to our previous relevant events regarding (a) securing the commitment of a US$1,000 million senior secured superpriority multi-tranche debtor in possession term loan facility (the «DIP Facility»), (b) the initial funding of US$100 million of…

MEXICO CITY, Feb. 19, 2021 /PRNewswire/ — Grupo Aeroméxico, S.A.B. de C.V. («Aeromexico» or the «Company») (BMV: AEROMEX). As a follow up to our previous relevant events regarding (a) securing the commitment of a US$1,000 million senior secured superpriority multi-tranche debtor in possession term loan facility (the «DIP Facility»), (b) the initial funding of US$100 million of Tranche 1 loans under the DIP Facility, (c) the final approval of the DIP Facility by Judge Shelley C. Chapman of the United States Bankruptcy Court for the Southern District of New York (the «Chapter 11 Court»), and (d) the second disbursement of the undrawn portion of the Tranche 1 facility (US$100 million) and of the initial funding of US$175 million of Tranche 2 loans, the Company announces that the conditions to drawing the remaining undrawn commitments of the Tranche 2 facility (US$625 million) have been met and, accordingly, the Company has requested such final disbursement.

Andrés Conesa, CEO of Aeromexico, commented: «The funding of the final disbursement is a key milestone in Aeromexico’s ongoing, voluntary restructuring process that will provide us with sufficient liquidity to support our continued operations during this time and with the flexibility to continue our orderly restructuring process with the objective of emerging stronger. We recognize and appreciate the continuing support from my fellow co-workers, Board of Directors, authorities and all stakeholders

As we reported in our relevant event of August 13, 2020, the Tranche 2 DIP Facility may be converted, at the lenders’ option, into shares of reorganized Aeromexico, subject to certain conditions and the applicable corporate and regulatory approvals (including at the Aeromexico’s shareholders meeting) for the issuance of the corresponding shares. In order to effectuate (i) the debt-into-equity conversion of the allowed unsecured claims recognized in our Chapter 11 process at a to-be-determined ratio, and (ii) the conversion of the Tranche 2 DIP Facility, the shareholders meeting of the Company would need to approve a capital increase. As we had anticipated, if the lenders exercise the option to convert the Tranche 2 DIP Facility, following the corresponding capital increase, the shareholders will be almost fully diluted so that their remaining equity stake will likely be minimal (if any), provided that shareholders (other than those that have agreed not to exercise preemptive rights pursuant to the Shareholder Support Agreement) will be allowed to exercise their preemptive rights subject to several conditions that are yet to be determined.

The price of our common stock has been volatile following the commencement of our Chapter 11 process and may significantly decrease in value in the future. Therefore, any trading in our common stock during the pendency of our Chapter 11 process is highly speculative and involves substantial risks to buyers of our stock. Future recoveries in our Chapter 11 process for our shareholders will depend upon our ability to negotiate and confirm a Plan of Reorganization, the terms of such Plan, the recovery of our business from the COVID-19 pandemic and the future value of our assets upon conversion of our liabilities. Although at this stage we cannot predict how our common stock will eventually be treated under a Plan, we believe that it is unlikely that stockholders would receive a recovery through a Plan since it is expected that the holders of unsecured indebtedness will not be paid in full and will need to convert their claims into new stock to be issued by the Company. Consequently, there is a significant risk that our stockholders may receive no recovery, or a nominal recovery, under our Chapter 11 process.

Certain statements contained or incorporated by reference in this relevant event include «forward-looking statements». Forward-looking statements include information concerning the Company’s liquidity and its possible or assumed future results of operations, including descriptions of its business strategies. These statements often include words such as «believe,» «expect,» «project,» «potential,» «anticipate,» «intend,» «plan,» «estimate,» «seek,» «will,» «may,» «would,» «should,» «could,» «forecasts» or similar expressions. These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate in these circumstances under our chapter 11 process. The Company believes these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and the Company’s actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative, that may be revised or supplemented in subsequent relevant events. Among other items, such factors could include: the Company’s ability to navigate the chapter 11 process, including obtaining Chapter 11 Court approval for certain requirements, complying with and operating under the requirements and constraints of the U.S. Bankruptcy Code, negotiating and consummating chapter 11 plan, developing, funding and executing the Company’s business plan and continuing as a going concern; the value of the Company’s common stock due to the chapter 11 process; levels of travel demand, particularly with respect to business and leisure travel in Mexico and in global markets; the length and severity of the COVID-19 pandemic and the impact on the Company’s  business as a result of travel restrictions and business closures or disruptions; the impact of the COVID-19 pandemic and actions taken in response to the pandemic on global and regional economies and economic factors; general economic uncertainty and the pace of economic recovery, including in key global markets, when the COVID-19 pandemic subsides; the risk of an «ownership change». Our investors should not place undue reliance on forward-looking statements. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements; all such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward-looking statements whether as a result of new information or otherwise.

Aeromexico will continue pursuing, in an orderly manner, its voluntary financial restructuring through Chapter 11, while continuing to operate and offer services to its customers and contracting from its suppliers the goods and services required for operations. The Company will continue to strengthen its financial position and liquidity, protect and preserve its operations and assets, and implement the necessary adjustments to face the impact from COVID-19.

About Grupo Aeromexico Grupo Aeroméxico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, Mexico’s global airline, has its main operations center in Terminal 2 of the Mexico City International Airport. Its destination network has reach in Mexico, the United States, Canada, Central America, South America, Asia and Europe. The Group’s current operating fleet includes Boeing 787 and 737 aircraft, as well as the latest generation Embraer 190. Aeromexico is a founding partner of SkyTeam, an alliance that celebrates 20 years and offers connectivity in more than 170 countries, through the 19 partner airlines. Aeromexico created and implemented a Health and Hygiene Management System (SGSH) to protect its clients and collaborators at all stages of its operation.

www.aeromexico.com   www.skyteam.com

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SOURCE Grupo Aeromexico, S.A.B. de C.V.

Modine Announces Sale of Austrian Automotive Business

RACINE, Wis., Feb. 19, 2021 /PRNewswire/ — Modine Manufacturing Company (NYSE: MOD or the «Company»), a diversified global leader in thermal management technology and solutions, today announced that it has signed a definitive agreement with Schmid Metall GmbH, an affiliate of Rupert Fertinger GmbH, to sell a portion of the Company’s European air-cooled automotive business, including its manufacturing facility located in Kottingbrunn, Austria.

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RACINE, Wis., Feb. 19, 2021 /PRNewswire/ — Modine Manufacturing Company (NYSE: MOD or the «Company»), a diversified global leader in thermal management technology and solutions, today announced that it has signed a definitive agreement with Schmid Metall GmbH, an affiliate of Rupert Fertinger GmbH, to sell a portion of the Company’s European air-cooled automotive business, including its manufacturing facility located in Kottingbrunn, Austria.

The transaction is expected to close in the first half of 2021, following the receipt of regulatory approvals and other customary closing conditions.  The sale will allow the Company to avoid significant liabilities and future cash investments in the business. 

«This is an important step in our strategic exit of the automotive segment businesses, allowing us to further fuel and grow our remaining business,» said Modine Chief Executive Officer, Neil D. Brinker. «We have been on a journey to become a diversified industrial company and this transaction will allow us to focus our resources on our remaining businesses that provide higher operating margins, lower capital intensity and greater free cash flow generation.»

This announcement follows the earlier announced sale of the liquid-cooled automotive business to Dana Incorporated.  That transaction is also expected to close in the first half of 2021 following receipt of regulatory approvals.    

About Modine

Modine, with fiscal 2020 revenues of $2.0 billion, specializes in thermal management systems and components, bringing highly engineered heating and cooling components, original equipment products, and systems to diversified global markets through its four complementary segments: CIS; BHVAC; HDE; and Automotive. Modine is a global company headquartered in Racine, Wisconsin (USA), with operations in North America, South America, Europe and Asia. For more information about Modine, visit www.modine.com.

Forward-Looking Statements

This press release contains statements, including information about future financial performance and market conditions, accompanied by phrases such as «believes,» «estimates,» «expects,» «plans,» «anticipates,» «intends,» and other similar «forward-looking» statements, as defined in the Private Securities Litigation Reform Act of 1995. Modine’s actual results, performance or achievements may differ materially from those expressed or implied in these statements because of certain risks and uncertainties, including, but not limited to those described under «Risk Factors» in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the year ended March 31, 2020 and under Forward-Looking Statements in Item 7 of Part II of that same report and in the Company’s Quarterly Reports on Form 10-Q for the quarters ended June 30, September 30, and December 31, 2020. Other risks and uncertainties include, but are not limited to, the following: the impact of the COVID-19 pandemic on the national and global economy, our business, suppliers, customers, and employees; the overall health and price-down focus of Modine’s customers; our ability to successfully execute our strategic and operational plans, including our ability to successfully complete the pending sale of our liquid-cooled automotive business, including the receipt of governmental and third-party approvals and satisfaction of other closing conditions, and our ability to successfully exit our other automotive businesses; our ability to effectively and efficiently reduce our cost structure in response to sales volume declines and complete restructuring activities and realize benefits thereon; our ability to comply with the financial covenants in our credit agreements and to fund our global liquidity requirements efficiently; operational inefficiencies as a result of program launches, unexpected volume increases, product transfers, and delays or inefficiencies resulting from restrictions imposed in response to the COVID-19 pandemic; economic, social and political conditions, changes and challenges in the markets where Modine operates and competes, including foreign currency exchange rate fluctuations, tariffs (and potential trade war impacts resulting from tariffs or retaliatory actions), inflation, changes in interest rates or tightening of the credit markets, recession, restrictions associated with importing and exporting and foreign ownership, public health crises, and the general uncertainties about the impact of regulatory and/or policy changes, including those related to tax and trade, the COVID-19 pandemic and other matters, that have been or may be implemented in the U.S. or abroad, and continuing uncertainty regarding the impacts of «Brexit»; the impact on Modine of any significant increases in commodity prices, particularly aluminum, copper, steel and stainless steel (nickel) and other purchased components, and our ability to adjust product pricing in response to any such increases; the nature of and Modine’s significant exposure to the vehicular industry and the dependence of this industry on the health of the economy; the concentration of sales within our CIS segment attributed to one customer; Modine’s ability to recruit and maintain talent in managerial, leadership, and administrative functions; Modine’s ability to protect its proprietary information and intellectual property from theft or attack; the impact of any substantial disruption or material breach of our information technology systems; costs and other effects of environmental investigation, remediation or litigation; and other risks and uncertainties identified by the Company in public filings with the U.S. Securities and Exchange Commission.  Forward-looking statements are as of the date of this release, and the Company does not assume any obligation to update any forward-looking statements.

Investor & Media Contact

Kathleen Powers
(262) 636-1687
kathleen.t.powers@modine.com

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SOURCE Modine Manufacturing Company

RV Owners: Special Offer To Join The FMCA RV Club Community

CINCINNATI, Feb. 19, 2021 /PRNewswire-PRWeb/ — Record numbers of people are discovering the advantages of RV travel. An RV provides a safer, more controlled way of vacationing and spending time in the outdoors, with all the associated physical and mental health benefits. To welcome new RV owners to its community and introduce them to the support the group provides, FMCA RV Club is offering a discounted one-year enrollment fee of $60 for a limited time ― <span…

CINCINNATI, Feb. 19, 2021 /PRNewswire-PRWeb/ — Record numbers of people are discovering the advantages of RV travel. An RV provides a safer, more controlled way of vacationing and spending time in the outdoors, with all the associated physical and mental health benefits. To welcome new RV owners to its community and introduce them to the support the group provides, FMCA RV Club is offering a discounted one-year enrollment fee of $60 for a limited time ― $25 off the usual rate, a savings of 30%. Those who want to save even more can sign up for one or two additional years.

FMCA RV Club members travel with peace of mind knowing that their membership has them covered. Member-only benefits include the FMCAssist Medical Emergency and Travel Assistance Program and a subscription to Family RVing magazine (the official monthly publication of the FMCA RV Club), plus discounts on roadside assistance, RV and passenger car tires, insurance, and more. Not to mention that belonging to a supportive community of RV owners adds to the fun and adventure of the open road.

RV owners interested in joining at the special rate should visit join.fmca.com/join60-b/ or call (800) 543-3622 or (513) 474-3622, Monday through Friday, 8:00 a.m. to 5:00 p.m. Eastern time.

ABOUT FMCA: ENHANCING THE RV LIFESTYLE
FMCA is the world’s largest nonprofit association for recreation vehicle (RV) owners. The organization maintains its national headquarters in Cincinnati, Ohio, and currently has nearly 150,000 active members. FMCA offers its members benefits that include a subscription to its monthly magazine, Family RVing; a medical emergency and travel assistance program valued at $200-plus per family; a tire purchasing program; group rates on a roadside assistance program, RV and auto insurance, and RV tours and caravans; and discounts on a mobile internet access plan from Sprint. Perhaps the most important benefit of FMCA membership is the camaraderie and friendships that develop among people enjoying the common interest of RV travel. For more information, visit FMCA.com or call (800) 543-3622 or (513) 474-3622.

Media Contact

Pamela Kay, FMCA, 513-474-3622, pkay@fmca.com

Twitter

 

SOURCE FMCA RV Club

California housing market momentum continues into new year, C.A.R. reports

LOS ANGELES, Feb. 19, 2021 /PRNewswire/ — California’s housing market kicked off the year on a positive note, following up on December’s strong showing with double-digit price and sales growth on a yearly basis in January, the CALIFORNIA

LOS ANGELES, Feb. 19, 2021 /PRNewswire/ — California’s housing market kicked off the year on a positive note, following up on December’s strong showing with double-digit price and sales growth on a yearly basis in January, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. 

– Infographic: https://www.car.org/marketing/clients/infographics/January%202021%20Sales%20and%20Price 

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 484,730 in January, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2021 if sales maintained the January pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

January home sales decreased 4.9 percent from 509,750 in December and were up 22.5 percent from a year ago, when 395,700 homes were sold on an annualized basis. The year-over-year, double-digit sales gain was the sixth consecutive and the third straight month that sales increased more than 20 percent from a year ago.

«Despite an economy that’s slow to recover, the momentum from late last year continued into January, driven by strong growth in California’s core housing markets, especially in the San Francisco Bay Area, where the higher cost areas experienced the most sales growth,» said C.A.R. President Dave Walsh, vice president and manager of the Compass San Jose office. «Home prices continued to power through the traditional slow season in January with the largest annual price gain in nearly seven years.»

After hitting a record high price the previous month, California’s median home price dipped below the $700,000 benchmark in January. The statewide median home price declined 2.5 percent on a month-to-month basis to $699,890 in January, down from December’s $717,930. Low rates and tight supply continued to push up home prices on a year-over-year basis, gaining 21.7 percent from the $575,160 recorded last January. The double-digit increase from last year was the sixth in a row and the largest since February 2014.

«With the COVID-19 vaccine continuing to roll out, another fiscal stimulus relief package likely on the way and historically low interest rates, the housing market will continue to thrive,» said C.A.R. Vice President and Chief Economist Jordan Levine. «The market outlook is stronger than previously projected as buyer demand continues to outstrip supply, but we do expect the current robust market growth to decelerate later this year as the housing shortage intensifies.»

Other key points from C.A.R.’s January 2021 resale housing report include:

  • At the regional level, sales continued to record healthy year-over-year gains in all major regions, except in the Far North, which was the only region that posted an annual sales decline. The San Francisco Bay Area had the highest year-over-year growth rate at a gain of 31.8 percent over last January. The Central Coast (19.9 percent) and Southern California (13.5 percent) regions also remained strong and experienced double-digit, year-over-year sales increases. Sales in the Central Valley region moderated slightly (6.9 percent) but continued to grow on a year-over-year basis. The Far North had a slow start for the year with a modest sales decline of 5.3 percent.
  • Resort communities sustained their momentum going into 2021, as sales continue to outpace the rest of state. Big Bear and Mammoth Lakes experienced year-over-year, triple-digit gain of 176.2 percent and 150 percent, respectively, while South Lake Tahoe and Mammoth Lake both had a sales growth rate of more than 30 percent.
  • More than 80 percent of all counties – 42 of 51 – tracked by C.A.R. recorded a year-over-year increase in closed sales, with both Calaveras and Mariposa gaining the most from last year at 69.2 percent, followed by Alameda (53.6 percent), and San Benito (50 percent). Counties with an increase from last year averaged a gain of 22.7 percent in January, compared to 36.1 percent in December. Nine counties experienced a sales decline at the beginning of 2021, with Yuba dropping the most from last year at 25.4 percent, followed by Glenn (-25 percent) and Merced (-22 percent).
  • All major regions’ median prices continued to increase by double digits on a yearly basis, with the San Francisco Bay Area growing the fastest at 20.2 percent. The Central Coast region had another strong month, increasing 18.6 percent from January 2020, followed by Southern California (15.0 percent), the Central Valley (14.5 percent), and the Far North (10.5 percent). Three of four Central Coast region counties continued to surge by more than 25 percent from a year ago.
  • Forty-seven of the 51 counties tracked by C.A.R. reported a gain in price on a year-over-year basis, with 40 of them increasing more than 10 percent. Del Norte had the largest price growth of 75.8 percent in January, followed by Mariposa (50.4 percent) and Nevada (48.4 percent). Glenn was one of four counties with an annual drop in price, dipping 21.4 percent from a year ago. Madera, Plumas and Tehama also experienced price declines in the first month of 2021, but their losses were all less than five percent.
  • Homeowners reluctant to list their homes for sale during the pandemic is contributing to a shortage of active listings. As a result, C.A.R.’s Unsold Inventory Index (UII) remains extremely low at 1.5 months in January and was down sharply from 3.4 months in January 2020. The index indicates the number of months it would take to sell the supply of homes on the market at the current rate of sales.
  • Active listings fell 53.4 percent from last year and continued to drop more than 40 percent on a year-over-year basis for the eighth straight month. On a month-to-month basis, for-sale properties dropped 10.7 percent in January.
  • Except for the Bay Area, housing inventory continued to tighten up across the state in all major regions, declining more than 45 percent in January. Southern California had the biggest year-over-year supply drop of 56 percent in January, followed by the Central Coast (52.1 percent), the Central Valley (-48.6 percent), the Far North (-46.5 percent), and the San Francisco Bay Area (-30.9 percent).
  • All 51 counties reported by C.A.R. experienced a year-over-year decline in active listings in January. Merced had the biggest drop from last year, with a decline of 72.8 percent, followed by Madera (-71.9 percent) and San Bernardino (-70.8 percent). Thirty-two counties had less than half the active listings they had in January 2020. San Mateo (-0.3 percent) and San Francisco (-5.6 percent) were the only counties in California with less than a 10 percent decline in active listings from the prior year.
  • The 30-year, fixed-mortgage interest rate averaged 2.74 percent in January, down from 3.62 percent in January 2020, according to Freddie Mac. The five-year, adjustable mortgage interest rate was an average of 2.87 percent, compared to 3.33 percent in January 2020.

Note:  The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state and represent statistics of existing single-family detached homes only. County sales data are not adjusted to account for seasonal factors that can influence home sales. Movements in sales prices should not be interpreted as changes in the cost of a standard home. The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower end or the upper end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold. The change in median prices should not be construed as actual price changes in specific homes.

*Sales-to-list-price ratio is an indicator that reflects the negotiation power of home buyers and home sellers under current market conditions. The ratio is calculated by dividing the final sales price of a property by its last list price and is expressed as a percentage. A sales-to-list ratio with 100 percent or above suggests that the property sold for more than the list price, and a ratio below 100 percent indicates that the price sold below the asking price.

**Price per square foot is a measure commonly used by real estate agents and brokers to determine how much a square foot of space a buyer will pay for a property. It is calculated as the sale price of the home divided by the number of finished square feet. C.A.R. currently tracks price-per-square foot statistics for 50 counties.

Leading the way…® in California real estate for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with more than 200,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

January 2021 County Sales and Price Activity
(Regional and condo sales data not seasonally adjusted)

January 2021

Median Sales Price of Existing Single-Family Homes

Sales

State/Region/County

Jan.

2021

Dec.

2020

Jan.

2020

Price MTM% Chg

Price YTY% Chg

 Sales MTM% Chg

 Sales YTY% Chg

Calif. Single-family home

$699,890

$717,930

$575,160

-2.5%

21.7%

-4.9%

22.5%

Calif. Condo/Townhome

$515,000

$520,000

$467,000

-1.0%

10.3%

-26.8%

29.2%

Los Angeles Metro Area

$630,000

$625,250

$538,500

0.8%

17.0%

-29.4%

14.3%

Central Coast

$829,900

$825,000

$700,000

0.6%

18.6%

-30.8%

19.9%

Central Valley

$386,570

$395,000

$337,500

-2.1%

14.5%

-31.1%

6.9%

Far North

$335,000

$325,000

$303,200

3.1%

10.5%

-32.2%

-5.3%

Inland Empire

$457,000

$450,000

$385,000

1.6%

18.7%

-26.1%

14.3%

San Francisco Bay Area

$1,025,000

$1,058,000

$853,000

-3.1%

20.2%

-39.3%

31.8%

Southern California

$650,000

$650,000

$565,000

0.0%

15.0%

-29.8%

13.5%

San Francisco Bay Area

Alameda

$1,060,000

$1,060,000

$875,000

0.0%

21.1%

-37.5%

53.6%

Contra Costa

$765,000

$763,000

$614,000

0.3%

24.6%

-42.7%

27.5%

Marin

$1,350,000

$1,459,000

$1,294,000

-7.5%

4.3%

-57.8%

17.3%

Napa

$835,000

$842,000

$697,500

-0.8%

19.7%

-47.9%

1.6%

San Francisco

$1,745,000

$1,581,000

$1,460,000

10.4%

19.5%

-57.5%

21.5%

San Mateo

$1,605,000

$1,700,000

$1,422,250

-5.6%

12.8%

-39.9%

35.4%

Santa Clara

$1,375,000

$1,375,000

$1,200,000

0.0%

14.6%

-31.2%

47.0%

Solano

$510,000

$510,000

$449,900

0.0%

13.4%

-28.7%

0.8%

Sonoma

$715,000

$720,000

$667,000

-0.7%

7.2%

-36.4%

20.5%

Southern California

Los Angeles

$697,660

$709,500

$617,520

-1.7%

13.0%

-31.4%

15.2%

Orange

$971,000

$950,000

$855,000

2.2%

13.6%

-30.3%

14.3%

Riverside

$495,500

$488,250

$415,460

1.5%

19.3%

-28.4%

12.6%

San Bernardino

$390,000

$378,500

$325,000

3.0%

20.0%

-22.1%

17.0%

San Diego

$730,000

$730,000

$660,000

0.0%

10.6%

-31.7%

9.9%

Ventura

$776,000

$740,000

$660,000

4.9%

17.6%

-34.5%

6.9%

Central Coast

Monterey

$860,000

$785,000

$649,500

9.6%

32.4%

-33.9%

18.6%

San Luis Obispo

$698,000

$711,000

$652,500

-1.8%

7.0%

-33.7%

42.3%

Santa Barbara

$920,000

$970,000

$675,000

-5.2%

36.3%

-26.6%

1.0%

Santa Cruz

$1,110,000

$1,070,000

$869,500

3.7%

27.7%

-27.1%

24.0%

Central Valley

Fresno

$325,000

$325,500

$289,950

-0.2%

12.1%

-22.6%

10.5%

Glenn

$247,500

$297,500

$315,000

-16.8%

-21.4%

-16.7%

-25.0%

Kern

$302,000

$300,000

$252,000

0.7%

19.8%

-26.3%

23.7%

Kings

$278,750

$281,750

$247,450

-1.1%

12.6%

-8.0%

17.9%

Madera

$325,000

$335,000

$334,790

-3.0%

-2.9%

-27.9%

21.1%

Merced

$307,000

$315,000

$282,950

-2.5%

8.5%

-28.6%

-22.0%

Placer

$609,100

$559,000

$493,000

9.0%

23.5%

-38.0%

9.9%

Sacramento

$459,770

$442,250

$379,000

4.0%

21.3%

-34.6%

6.5%

San Benito

$695,000

$729,500

$575,020

-4.7%

20.9%

9.1%

50.0%

San Joaquin

$429,810

$435,750

$385,000

-1.4%

11.6%

-39.7%

-8.4%

Stanislaus

$385,520

$380,000

$330,000

1.5%

16.8%

-29.6%

1.6%

Tulare

$306,920

$295,000

$240,000

4.0%

27.9%

-31.8%

5.8%

Far North

Butte

$420,000

$408,460

$355,860

2.8%

18.0%

-33.9%

-17.4%

Lassen

$249,500

$215,000

$239,000

16.0%

4.4%

-8.7%

23.5%

Plumas

$315,000

$305,000

$330,000

3.3%

-4.5%

-51.1%

46.7%

Shasta

$329,000

$307,500

$282,500

7.0%

16.5%

-37.0%

-10.0%

Siskiyou

$257,000

$228,000

$255,000

12.7%

0.8%

25.7%

10.0%

Tehama

$250,000

$273,250

$260,000

-8.5%

-3.8%

-29.5%

24.0%

Other Calif. Counties

Amador

$386,360

$355,000

$335,000

8.8%

15.3%

-27.7%

46.3%

Calaveras

$398,500

$397,500

$343,500

0.3%

16.0%

-31.8%

69.2%

Del Norte

$399,000

$346,000

$227,000

15.3%

75.8%

-50.0%

-5.6%

El Dorado

$604,510

$538,350

$442,120

12.3%

36.7%

-53.0%

-5.8%

Humboldt

$366,000

$370,000

$308,000

-1.1%

18.8%

-24.0%

7.7%

Lake

$300,000

$306,950

$253,000

-2.3%

18.6%

-36.9%

17.8%

Mariposa

$400,000

$380,000

$266,000

5.3%

50.4%

4.8%

69.2%

Mendocino

$517,500

$540,000

$412,000

-4.2%

25.6%

-36.1%

35.3%

Mono

$1,112,500

$880,000

$780,000

26.4%

42.6%

-42.9%

9.1%

Nevada

$544,640

$508,000

$367,000

7.2%

48.4%

-37.1%

34.6%

Sutter

$350,000

$369,900

$327,250

-5.4%

7.0%

-42.0%

-21.7%

Tuolumne

$350,500

$330,000

$309,000

6.2%

13.4%

-38.1%

20.7%

Yolo

$490,320

$515,000

$431,240

-4.8%

13.7%

-32.8%

4.5%

Yuba

$395,000

$360,000

$315,000

9.7%

25.4%

-39.7%

-25.4%

r = revised
NA = not available

January 2021 County Unsold Inventory and Days on Market
(Regional and condo sales data not seasonally adjusted)

January 2021

Unsold Inventory Index

Median Time on Market

State/Region/County

Jan.

2021

Dec.

2020

Jan.

2020

Jan.

2021

Dec.

2020

Jan.

2020

Calif. Single-family home

1.5

1.3

3.4

12.0

11.0

31.0

Calif. Condo/Townhome

1.2

1.6

3.3

17.0

17.0

31.0

Los Angeles Metro Area

1.9

1.4

3.6

12.0

11.0

32.0

Central Coast

2.4

1.7

4.4

13.0

11.0

44.0

Central Valley

2.0

1.3

3.0

10.0

8.0

24.0

Far North

3.0

2.1

4.3

25.0

19.0

42.0

Inland Empire

1.9

1.4

4.1

14.0

12.0

41.0

San Francisco Bay Area

1.7

1.1

2.7

12.0

13.0

31.0

Southern California

1.9

1.3

3.5

11.0

10.0

31.0

San Francisco Bay Area

Alameda

1.3

0.8

2.0

9.0

9.0

20.0

Contra Costa

1.4

0.9

2.3

8.0

8.0

27.0

Marin

2.1

1.0

3.3

39.0

28.0

63.0

Napa

3.7

2.3

5.0

46.0

37.0

62.0

San Francisco

2.2

1.2

2.7

NA

27.0

26.0

San Mateo

2.2

1.1

2.7

13.0

12.0

21.0

Santa Clara

1.7

1.1

2.3

9.0

9.0

19.0

Solano

1.2

1.4

3.0

29.0

29.0

39.0

Sonoma

2.9

2.1

4.4

41.0

37.0

68.0

Southern California

Los Angeles

1.8

1.4

3.2

11.0

10.0

26.0

Orange

2.0

1.3

3.4

10.0

11.0

27.0

Riverside

2.0

1.4

4.2

15.0

13.0

39.0

San Bernardino

1.6

1.3

3.9

13.0

11.0

43.0

San Diego

1.8

1.2

3.0

7.0

8.0

23.0

Ventura

1.6

1.1

4.8

29.0

27.0

56.0

Central Coast

Monterey

3.0

2.0

4.9

10.0

10.0

39.0

San Luis Obispo

2.4

1.6

5.9

16.0

10.0

46.0

Santa Barbara

2.3

1.6

3.7

14.0

15.0

35.0

Santa Cruz

1.9

1.4

2.8

11.0

10.5

55.5

Central Valley

Fresno

1.7

1.4

3.4

8.0

7.0

25.5

Glenn

2.1

2.2

3.0

8.0

5.0

63.0

Kern

2.0

1.5

3.0

12.0

11.0

21.0

Kings

1.4

1.3

3.1

7.0

7.0

25.0

Madera

2.6

1.9

5.8

18.0

13.0

45.0

Merced

1.9

1.3

3.6

13.0

14.0

28.0

Placer

1.6

1.1

2.8

NA

7.0

34.0

Sacramento

1.4

1.0

2.4

NA

7.0

17.0

San Benito

2.0

2.0

4.0

19.0

9.0

29.5

San Joaquin

1.4

1.0

2.8

NA

8.0

32.0

Stanislaus

1.7

1.3

2.8

NA

8.0

24.0

Tulare

2.3

1.5

3.8

12.0

8.5

27.0

Far North

Butte

2.2

1.4

2.7

16.0

7.0

25.5

Lassen

3.3

3.7

6.6

100.0

100.0

133.0

Plumas

5.9

2.9

13.5

157.0

91.0

106.0

Shasta

2.9

1.8

3.8

20.0

17.0

43.0

Siskiyou

2.4

3.7

5.5

22.5

31.0

48.5

Tehama

4.8

3.4

8.0

47.0

45.5

52.0

Other Calif. Counties

Amador

2.2

1.9

6.6

NA

23.0

40.0

Calaveras

2.0

1.5

7.4

62.5

61.0

107.5

Del Norte

4.7

2.2

7.3

151.0

127.0

121.0

El Dorado

2.1

1.3

4.7

NA

20.0

65.5

Humboldt

2.3

1.8

4.4

10.0

12.0

40.0

Lake

4.2

2.5

8.4

38.0

35.0

77.0

Mariposa

2.4

2.8

7.3

22.0

73.0

88.0

Mendocino

3.7

2.6

9.0

55.5

67.0

109.0

Mono

3.8

2.0

8.7

84.5

106.0

126.0

Nevada

2.6

1.8

5.7

NA

20.0

62.5

Sutter

1.5

0.9

2.5

7.0

10.0

31.0

Tuolumne

2.8

1.9

6.2

32.5

30.0

71.5

Yolo

1.8

1.4

3.2

NA

13.0

40.5

Yuba

2.3

1.2

3.6

15.0

7.0

30.0

r = revised
NA = not available

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/california-housing-market-momentum-continues-into-new-year-car-reports-301231805.html

SOURCE CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)

Recent Calf Death a Blow in a Tenuous Tale of Survival

WASHINGTON, Feb. 19, 2021 /PRNewswire/ — This World Whale Day (Feb. 21st), just fourteen calves offer hope for the survival of the North Atlantic right whale, a critically endangered species on the brink of extinction. Though the trend of this recent calving season is positive, the situation remains tenuous, given the recent tragic death of a calf reported just last week. This is according to the International Fund for Animal Welfare (<a…

WASHINGTON, Feb. 19, 2021 /PRNewswire/ — This World Whale Day (Feb. 21st), just fourteen calves offer hope for the survival of the North Atlantic right whale, a critically endangered species on the brink of extinction. Though the trend of this recent calving season is positive, the situation remains tenuous, given the recent tragic death of a calf reported just last week. This is according to the International Fund for Animal Welfare (IFAW) which has led a multi-lateral campaign across the US and Canada to restore this once thriving species.

Once numbering in the tens of thousands, the species estimates now hover at only 360 total individuals, threatened by entanglement in commercial fishing gear and vessel strikes.

Endearingly referred to by some as the ‘Class of 2021’, these fourteen young calves, five of which were born to first-time mothers, are critical to the survival of the species following years of severe shortfalls in new right whale calve births. Sadly, one of the 15 calves born this calving season was likely killed by a sport fishing vessel off the coast of Florida on February 13th. The calf showed obvious signs of trauma from vessel strike and is the first right whale death reported his year, and the third calf death reported over the last thirteen months.

These calves, along with their mothers and respective pods, have begun their journey to feeding grounds off the shores of Cape Cod up to the Gulf of St. Lawrence in Canada, maneuvering through an industrial waterway dense with shipping traffic and an estimated one million commercial vertical fishing lines in the water column. The immense amount of threats encountered in such a journey can ultimately affect the growth and reproductive development of right whales as they endure conditions that inflict both short and long-term stress.

This week, the government of Canada announced the 2021 measures to mitigate the impacts of fisheries and marine traffic for whales while in Canadian waters.  These sustained measures are an important component of ongoing efforts by government and industry groups to support the recovery of the North Atlantic right whale.  IFAW believes all parties must come to the table in the search for a long-term solution. Currently, the key elements of our efforts include:

  • Testing and promoting the development and adoption of ropeless fishing gear technology which would significantly reduce  the risk of entanglement;
  • Advocating sustained funding for research and development into life-saving technologies that provide long-term solutions;
  • Advocating for maritime regulations that include expansion of existing speed restrictions and altering shipping lanes to reduce vessel strikes;
  • Assisting in the development of Whale Alert, a situational awareness app for mariners to avoid potential for vessel strike; and
  • Educating consumers about the existence of safer fishing practices and advocating for the introduction of whale-friendly seafood.

According to Patricia Zaat, IFAW Canada’s Country Director, «Canada has an important responsibility to ensure that the North Atlantic is protected while in our waters. If human activity has brought the North Atlantic right whale to this critical tipping point, then human proactivity, collaboration, and 21st century innovation can save it.»

To take action for the North Atlantic right whale click here.

For more information, images, or to arrange interviews please contact:
Rodger Correa at rcorrea@ifaw.org.

About the International Fund for Animal Welfare (IFAW) – The International Fund for Animal Welfare is a global non-profit helping animals and people thrive together. We are experts and everyday people, working across seas, oceans and in more than 40 countries around the world. We rescue, rehabilitate and release animals, and we restore and protect their natural habitats. The problems we’re up against are urgent and complicated. To solve them, we match fresh thinking with bold action. We partner with local communities, governments, non-governmental organizations and businesses. Together, we pioneer new and innovative ways to help all species flourish. See how at ifaw.org.

 

SOURCE International Fund for Animal Welfare

GlowTouch a 2021 Global Outsourcing 100 Company

LOUISVILLE, Ky., Feb. 19, 2021 /PRNewswire/ — GlowTouch LLC, a Business Process Outsourcing (BPO) company headquartered in Louisville, KY, was recently recognized as one of The Global Outsourcing 100® companies by the International Association of Outsourcing Professionals ®.

«Buyers…

LOUISVILLE, Ky., Feb. 19, 2021 /PRNewswire/ — GlowTouch LLC, a Business Process Outsourcing (BPO) company headquartered in Louisville, KY, was recently recognized as one of The Global Outsourcing 100® companies by the International Association of Outsourcing Professionals ®.

«Buyers understand there are hundreds of qualified service providers and advisors out there, but what they need to understand now is what makes each one exceptional,» said IAOP CEO, Debi Hamill. «The Global Outsourcing 100 has done just that, and we’re proud to recognize GlowTouch.» The distinguished top 100 list recognizes BPOs who achieve greatness in four areas: 1) customer references, 2) awards and certifications, 3) programs for innovation, and 4) programs for Corporate Social Responsibility (CSR).

«I’m so proud that GlowTouch has made its debut on the 2021 Global Outsourcing 100 list. It’s an honor to be included among the world’s best BPO providers,» said GlowTouch Vice President of Marketing and Analyst Relations, Tammy Weinstein. «This is a people-first industry, and being named to this list is a testament to how our agents and support teams work to earn our clients’ business every day. To be included on this list says that we are listening to the voice of the customer and creating lasting partnerships with our clients.»

IAOP® accepts applications every year for the GO100 program, which began in 2006, and the award is an honor for companies regardless of their GO100 list tenure. 

«Getting recognized on the Global Outsourcing 100 gives us validation within our industry and is a distinction our entire company can be proud of,» Vidya Ravichandran, GlowTouch President and Founder, added. «I am always proud and thankful of our team who work tirelessly, even through the pandemic, to ensure we provide exceptional service for our clients. Receiving this recognition affirms the outstanding work the GlowTouch family is doing!»

Since GlowTouch began its operations in 2002, it has grown from a small family business to a 2,100+ employee international company. Locations include Louisville, Kentucky, Mangalore and Bangalore, India, with recent expansions in the Dominican Republic and Honduras.

GlowTouch provides personalized contact center, business processing, and technology outsourcing solutions to clients around the world. Founded in 2002, its 2,100+ employees deliver operational excellence with high-touch engagement. A certified Woman-Owned Business and six-time Inc. 5000 honoree, GlowTouch is headquartered in Louisville, KY, with additional locations in Mangalore and Bangalore, India, Santo Domingo, Dominican Republic, and Tegucigalpa, Honduras. To learn more about GlowTouch, visit www.GlowTouch.com, or email Tammy Weinstein at Tammy.Weinstein@GlowTouch.com.

Related Images

glowtouch.png
GlowTouch
GlowTouch Putting People First

Related Links

The Global Outsourcing 100 (R) List

GlowTouch Website

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/glowtouch-a-2021-global-outsourcing-100-company-301231743.html

SOURCE GlowTouch LLC

After UK Supreme Court defeat, ITF calls on Uber to abandon its business model and recognise workers globally

LONDON, Feb. 19, 2021 /PRNewswire/ — Following this morning’s UK Supreme Court ruling that Uber drivers are workers, not self-employed contractors, global union federation representing 20 million transport workers has called on Uber to abandon its predatory business model globally.

The unanimous dismissal of Uber’s appeal handed down by the court ends a long-running legal battle after Uber appealed and lost through all four rounds.

In welcoming this morning’s landmark decision, <span…

LONDON, Feb. 19, 2021 /PRNewswire/ — Following this morning’s UK Supreme Court ruling that Uber drivers are workers, not self-employed contractors, global union federation representing 20 million transport workers has called on Uber to abandon its predatory business model globally.

The unanimous dismissal of Uber’s appeal handed down by the court ends a long-running legal battle after Uber appealed and lost through all four rounds.

In welcoming this morning’s landmark decision, Stephen Cotton, General Secretary of the International Transport Workers’ Federation (ITF) called on Uber to emerge from behind their app and extend protections to its drivers and riders globally.

«We congratulate the claimants, their representatives and legal teams. This is a victory for all workers fighting for decent work in the gig economy,» said Cotton. «For the fourth and final time, British judges have ignored Uber’s twisted and fictional contract language and concluded that the company is misclassifying its drivers.»

Today’s ruling arrives almost one year after France’s highest court ruled that Uber drivers are employees.

«Despite attempts by Uber and other gig economy companies to misclassify their workers as independent contractors, courts are increasingly recognising direct employment relationships. The tide is turning,» said Cotton.

«It’s time for Uber to abandon both its predatory business model and its aggressive legal and regulatory strategies and recognise their drivers and riders as workers with protections and rights that they are entitled to,» added Cotton.

For Uber drivers, today’s decision means that they can finally enjoy fundamental workers’ rights including the national minimum wage, holiday pay, sick pay, protection against unlawful discrimination and collective bargaining rights.

«We call on Uber to listen to its workers and to sit down with trade unions and engage in meaningful dialogue that ensures that the future of the gig-economy benefits everyone,» said Cotton.

The Supreme Court judgment emphasised five aspects which led to the Court’s conclusion on worker status:

  1. Uber sets the fare;
  2. Drivers have no say in contract terms;
  3. Once a driver has logged onto the Uber app, the driver’s choice about whether to accept requests for rides is constrained by Uber (i.e. penalties for not accepting rides);
  4. Uber exercises significant control over the way in which drivers deliver their services (i.e. low ratings result in deactivations); and
  5. Uber restricts communications between passenger and driver to the minimum necessary (i.e. there can be no contracting between driver and passenger).

About the ITF

The International Transport Workers’ Federation (ITF) is a democratic global union federation of nearly 700 transport workers’ trade unions representing around 20 million workers in 150 countries. The ITF works to improve the lives of transport workers globally, encouraging and organising international solidarity among its network of affiliates. The ITF represents the interests of transport workers’ unions in bodies that take decisions affecting jobs, employment conditions and safety in the transport industry.

After UK Supreme Court defeat, ITF calls on Uber to abandon its business model and recognise workers globally

LONDON, Feb. 19, 2021 /PRNewswire/ — Following this morning’s UK Supreme Court ruling that Uber drivers are workers, not self-employed contractors, global union federation representing 20 million transport workers has called on Uber to abandon its predatory business model globally.

The unanimous dismissal of Uber’s appeal handed down by the court ends a long-running legal battle after Uber appealed and lost through all four rounds.

In welcoming this morning’s landmark decision, <span…

LONDON, Feb. 19, 2021 /PRNewswire/ — Following this morning’s UK Supreme Court ruling that Uber drivers are workers, not self-employed contractors, global union federation representing 20 million transport workers has called on Uber to abandon its predatory business model globally.

The unanimous dismissal of Uber’s appeal handed down by the court ends a long-running legal battle after Uber appealed and lost through all four rounds.

In welcoming this morning’s landmark decision, Stephen Cotton, General Secretary of the International Transport Workers’ Federation (ITF) called on Uber to emerge from behind their app and extend protections to its drivers and riders globally.

«We congratulate the claimants, their representatives and legal teams. This is a victory for all workers fighting for decent work in the gig economy,» said Cotton. «For the fourth and final time, British judges have ignored Uber’s twisted and fictional contract language and concluded that the company is misclassifying its drivers.»

Today’s ruling arrives almost one year after France’s highest court ruled that Uber drivers are employees.

«Despite attempts by Uber and other gig economy companies to misclassify their workers as independent contractors, courts are increasingly recognising direct employment relationships. The tide is turning,» said Cotton.

«It’s time for Uber to abandon both its predatory business model and its aggressive legal and regulatory strategies and recognise their drivers and riders as workers with protections and rights that they are entitled to,» added Cotton.

For Uber drivers, today’s decision means that they can finally enjoy fundamental workers’ rights including the national minimum wage, holiday pay, sick pay, protection against unlawful discrimination and collective bargaining rights.

«We call on Uber to listen to its workers and to sit down with trade unions and engage in meaningful dialogue that ensures that the future of the gig-economy benefits everyone,» said Cotton.

The Supreme Court judgment emphasised five aspects which led to the Court’s conclusion on worker status:

  1. Uber sets the fare;
  2. Drivers have no say in contract terms;
  3. Once a driver has logged onto the Uber app, the driver’s choice about whether to accept requests for rides is constrained by Uber (i.e. penalties for not accepting rides);
  4. Uber exercises significant control over the way in which drivers deliver their services (i.e. low ratings result in deactivations); and
  5. Uber restricts communications between passenger and driver to the minimum necessary (i.e. there can be no contracting between driver and passenger).

About the ITF

The International Transport Workers’ Federation (ITF) is a democratic global union federation of nearly 700 transport workers’ trade unions representing around 20 million workers in 150 countries. The ITF works to improve the lives of transport workers globally, encouraging and organising international solidarity among its network of affiliates. The ITF represents the interests of transport workers’ unions in bodies that take decisions affecting jobs, employment conditions and safety in the transport industry.