Takeaway delivery platform Just Eat reportedly plans to axe nearly 1,900 UK jobs after recording losses worth €5.7 billion.

The company told the BBC that moving forward it will no longer employ its own couriers, instead it will use contractors.

1,700 roles will be cut due to this change, while a further 170 operational jobs will be axed in the process.

"We have proposed to transition away from the worker model for couriers, which is a small part of our overall delivery operations - running in certain parts of six UK cities," a spokeswoman told the news broadcaster.

The online food delivery giant said that last year’s loss was related to impairment losses of €4.6 billion associated with the company’s buyout of Grubhub.

It added that these losses were largely driven by macroeconomic factors, including increasing interest rates.

Despite Just Eat only having completed the purchase of the US food delivery platform in 2021, last year it was reported that the company was already considering the sale of the brand due to a decrease in order numbers after the pandemic.

The figures also include a loss of of €275 million on its sale of its stake in Brazilian online food ordering app iFood.

The company did however record increased revenue of four per cent to €5.6 billion over the 12-month period compared to 2021.

On Monday, Just Eat announced it had entered a new partnership with Iceland which will see the platform provide delivery services across 200 sites by the end of April.

The service – which gives users access to over 5,000 products – will be available in a number of locations, including London, Manchester, Belfast and Leeds, with plans to roll out to other cities later in the year.

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