Wework He announced that he intended to leave Chapter 11 bankruptcy in the United States and Canada Before May 31.
According to Reuters, the above information is supplemented by alleged negotiations for a reduction More than eight million dollars (MD) or more than 40% in the owners’ rental obligations.
It is important to remember that last November, the office space provider declared bankruptcy, which is why the decision was made to cash in Chapter 11 of the US Bankruptcy Code before a New Jersey court.
This decision also came after two years of financial problems that led to her incurring a debt of more than 10 thousand and 50 thousand dollars (one million dollars).
WeWork is working to reduce rental costs
Reuters reported that the office space company agreed to the amendment About 150 lease contracts with better economic conditionssuch as reducing rent payments, and at the same time it is canceling 150 other agreements.
In addition, WeWork will maintain… 150 leases without change It said it was also negotiating with the owners of about 50 additional sites.
The above will allow the company to emerge from bankruptcy as a more resilient company, Peter Greenspan, global head of real estate at WeWork, told Reuters that the company will provide workspaces for both employers and landlords.
