WeWork South Africa says there will be no impact on its South African operations.
Loading player...
GUEST - Stefano Migliore – WeWork South Africa CEO
Global office-sharing company, WeWork has filed for a chapter 11 bankruptcy protection in New Jersey federal court Monday, saying that it had entered into agreements with the vast majority of its secured note holders and that it intended to trim “non-operational” leases.
WeWork South Africa is 100% independently owned by SiSebenza, and operates independently from WeWork in the US and Canada, and as an independent entity it is not affected by the reorganisation process.
Global office-sharing company, WeWork has filed for a chapter 11 bankruptcy protection in New Jersey federal court Monday, saying that it had entered into agreements with the vast majority of its secured note holders and that it intended to trim “non-operational” leases.
WeWork South Africa is 100% independently owned by SiSebenza, and operates independently from WeWork in the US and Canada, and as an independent entity it is not affected by the reorganisation process.
