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Creditors Pressure WeWork to Evaluate Neumann’s Flow Proposal During Bankruptcy Challenges

Allwork

based WeWork could be gearing up to sell its 27% stake in the Indian subsidiary, which is a joint-venture with Bangaluru-based Embassy Group. The post Creditors Pressure WeWork to Evaluate Neumann’s Flow Proposal During Bankruptcy Challenges appeared first on Allwork.Space.

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WeWork’s Ex-CEO Neumann Slams Post-Bankruptcy Strategy, Calling Projections “Unsustainable”

Allwork

Moreover, SoftBank would still own at least 16.5% — with the potential for it to increase to 36% under the new deal. The proposal is reported to have backing from most owners of WeWork’s $4 billion in senior debt and a committee of unsecured creditors. Sherwood to reject the reorganization proposal.

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Former CEO Adam Neumann Not Backing Down in Fight For WeWork

Allwork

Adam Neumann, the former CEO of WeWork, has not given up on his efforts to reclaim the company despite his $650 million bid being rejected last week. Flow is Neumann’s latest start up. Sherwood to reject the reorganization proposal on May 30.

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WeWork’s Updated Bankruptcy Exit Strategy: Yardi Takes 60% Stake, SoftBank’s Role Diminished

Allwork

Additionally through its Plan, WeWork expects to eliminate all of its $4 billion of outstanding, prepetition debt obligations.” BisNow reports that under the proposed financing deal WeWork’s senior lenders have agreed to provide $50 million in interim funding to sustain operations until the anticipated bankruptcy conclusion on May 31.

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EU’s Latest Draft Rules Aim to Protect Gig Workers

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The final text removes the specific criteria proposed by the European Commission and leaves the determination of employment status up to national law, collective agreements, and case law. However, it shifts the burden of proof to companies to demonstrate that gig workers are not employees.

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Will Remote Work Be A Mandated Right In The Future Of Work?

Allwork

A proposed amendment in the Czech Republic would force employers to allow remote work for certain categories of employees, including carers, pregnant women, and parents of children under the age of 15. . The reality that health is on the line brings up the question of whether remote work is simply a benefit…or if it should it be a right?

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Brookfield Properties And Industrious Team Up For New Houston Coworking Space

Allwork

The post Brookfield Properties And Industrious Team Up For New Houston Coworking Space appeared first on Allwork.Space.

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