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

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Additionally, court filings allege the firm has negotiated less than a third of its leases and has failed to pay over $40 million in rent — including several million dollars of April rent. The post Creditors Pressure WeWork to Evaluate Neumann’s Flow Proposal During Bankruptcy Challenges appeared first on Allwork.Space.

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Japanese Government Proposes Unprecedented Wage Hike

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What’s going on: A Japanese government panel has proposed the largest-ever increase in the national average minimum wage, suggesting a rise of 41 yen ($0.29) to 1,002 yen per hour, according to Reuters.

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WeWork Noteholders Furious Over Lack Of Bankruptcy Progress

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Pitchbook reports that the ad hoc group is urging the New Jersey bankruptcy court to appoint a mediator and has requested a rescheduled hearing for their examiner motion on April 30, in hopes to address these ongoing issues more comprehensively.

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WeWork Keeps Blinders On, Ignoring Unpaid Rents, As It Files To Reject Nine More Leases

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Feeling pressure from landlords over outstanding January rent payments, WeWork proposed rejecting nine additional leases this week as it continues to navigate through its bankruptcy proceedings. The official court motion, as reported by BisNow , was filed in bankruptcy court on Wednesday.

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French President Wants Companies To Share More Profits With Workers

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How it’ll impact the future: Le Maire suggested that a doubling of profit-sharing schemes could be a reality, as the government would be offering unions and employers a proposal for negotiations in order to reach an agreement.

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Japan Contemplates Substantial Wage Increases to Combat Deflation

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If wage negotiations in Japan lead to this kind of wage hike, it might inspire other major economies to adopt similar wage policies and movements globally. Japan could be on the brink of a making substantial increases to its wages. The post Japan Contemplates Substantial Wage Increases to Combat Deflation appeared first on Allwork.Space.

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Activision Publishing Is Being Sued For An Alleged $2.1 Million In Missed Payments Owed To Coworking Office Space

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The deal was through November 2022 and was renewed through February 2023 – for an updated monthly base fee of $254,000. Activision and Regus, who were negotiating a lease extension, had been in talks about potentially adding an additional three-month period to the contract; however, when Regus allegedly proposed an exorbitant rent hike, the talks (..)