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

Allwork

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 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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New Australian Labor Law Might Redefine the Global Gig Economy

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The proposed law aims to define “employee-like workers” within the gig economy, encompassing individuals who deliver food or drive for platforms such as Uber or DoorDash. The reception to Australia’s proposed legislation has reportedly been mixed.

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Lamborghini Drives Change In Europe With Move To Four-Day Work Week

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The four-day workweek was an idea proposed during union strikes of major U.S. However, as the union negotiations continued, demands such as higher pay and reduced paths to top wages took priority. automotive manufacturers earlier this year. Successful trials of a four-day week in countries including the U.K.

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