Flexible workspace company WeWork says it is willing to negotiate payment deferrals with customers. Photo: Timothy A Clary/GettyWeWork, a multinational flexible workspace company, has reported slower cash collection rates and engagement with its members on payment deferral programmes due to Covid-19. In the section, the subsidiary also reported that across WeWork space-as-a-service locations in Ireland as a whole, it had generally experienced “lower than historic” occupancy levels. It added WeWork had “engaged with certain members in Ireland as it relates to Covid-19 related payment deferral programmes”. Last May, the Sunday Independent reported a group of Dublin-based tenants of WeWork had formed to negotiate rent payments.

Source: Irish Independent March 07, 2021 02:26 UTC