Shared office provider WeWork says it is business as usual for its Australian operations, even after the US parent filed for bankruptcy as debts mounted and office vacancies increased around the world.
The former high-flying New York-headquartered company operates in 15 Australian locations as part of its global portfolio spread across more than 30 countries.
It will now seek to terminate or renegotiate leases in an attempt to revive a company that promised to revolutionise office life by enticing workers into co-sharing arrangements with free coffee, mood lighting and beer-on-tap.
Our commitment to Australia is unwavering as we continue to work collaboratively with our landlord partners, aiming to craft solutions that set all parties up fo…
Read the full article at: https://www.theguardian.com/business/2023/nov/08/wework-bankruptcy-shared-office-provider-expected-too-try-and-renegotiate-australian-leases