article thumbnail

SoftBank Faces Legal Heat as WeWork’s Creditors Seek Recovery Amid Bankruptcy Fears

Allwork

Some of the tenants include companies like Sony Pictures, Palantir, Boeing, Moderna, Current, Roky — all of which have moved into some of the vacated WeWork locations. The committee accuses SoftBank and a coalition of creditors, who hold 62% of WeWork’s unsecured notes, of orchestrating a debt restructuring in May 2023.

Legal 260
article thumbnail

WeWork Accused of Dodging Millions in Rent

Allwork

As WeWork moves onward with its dramatic restructuring efforts , the company is being accused by some of its landlords for withholding millions in rent payments. bankruptcy code, which doesn’t allow companies to ignore rent payments. billion.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

WeWork Noteholders Furious Over Lack Of Bankruptcy Progress

Allwork

The unsecured creditors’ committee has also opposed the conditional approval of the disclosure statement and WeWork’s request for an extension of its exclusivity periods. The creditors criticize the company’s lack of engagement with potential financing sources and purchasers.

article thumbnail

Starbucks And A Labor Union Are In Disagreement

Allwork

What’s going on: Despite the backlash for its stance against unionizing, Starbucks disclosed that the labor union representing some of its establishments declined to attend physical bargaining sessions and instead asked for hybrid negotiations. Starbucks Workers United, a union which represents thousands of U.S.

article thumbnail

Governments Are Pioneering the Flexible Work Revolution

Allwork

As evidenced by recent negotiations involving federal governments and New York City’s largest municipal union, flexible work conditions have become the bedrock of the contemporary public sector workspace. As negotiations with PSAC, AFGE, and DC 37 revealed, workers value the ability to work remotely or follow a hybrid schedule.

article thumbnail

DNA of a Star Assistantâ„¢ by Joan Burge

Office Dynamics

The conference committee asked that I include some information on research I did in an article I wrote called The DNA of a Star Assistantâ„¢. Administrative assistants are the social network of the company. Then add advanced competencies such as negotiating, persuading, presenting, problem solving. Mind Set vs. Skill Set.

article thumbnail

Job descriptions for Personal Assistants – Merited or inherited?

Practically Perfect PA

We expand productivity and are brand ambassadors for our bosses, company and profession. Strategic Research – Compile data and prepare papers for consideration and presentation by executives, committees and boards of directors. Resolving Conflicts and Negotiating with Others. Business Continuity Planning Co-ordinator.