Taxi drivers in Australia, affected by the emergence of ridesharing giant Uber, have secured a landmark compensation of US$178 million, marking one of the largest class action settlements in Australian legal history. After a grueling five-year legal battle, more than 8,000 drivers and hire car owners have reached an agreement, alleging substantial income losses since Uber's entry into the market in 2012.

In a historic development, Australian taxi drivers and hire car owners have emerged victorious in their battle against ridesharing giant Uber, securing a significant compensation package of US$178 million.

The culmination of a protracted legal struggle dating back to 2019, over 8,000 individuals united to pursue restitution for income losses incurred following Uber's market entry in 2012. Lead lawyer Michael Donelly hailed the settlement as the fifth largest in Australian class action history, citing Uber's relentless resistance throughout the litigation process.

Allegations against Uber included engaging in "shocking conduct" such as utilizing unlicensed vehicles and drivers upon its launch in Australia. Nick Andrianakis, a taxi driver of 40 years, recounted the devastating impact on his livelihood, ultimately leading to the closure of his business.

While Uber refrained from commenting on the settlement's magnitude pending court approval, it emphasized its compliance with current regulations and its recognition as a vital component of Australia's transportation landscape. Despite its substantial worth of US$157 billion, Uber acknowledged making significant contributions to Australian taxi compensation initiatives.