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WeWork says Indonesian operations not affected by US bankruptcy
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WeWork says it is business as usual for its operations in Indonesia despite its Chapter 11 bankruptcy filing in the United States. (WeWork/-)
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oworking space provider WeWork says its Chapter 11 bankruptcy filing in the United States has not affected its operations in Indonesia, where the industry appears confident about the future.
A WeWork spokesperson told The Jakarta Post on Wednesday that its Indonesian business was not part of the bankruptcy proceedings and that it would continue to lease its spaces as usual.
Additionally, the firm said there were no intentions to downsize its operations or reduce its workforce in Indonesia or Southeast Asia more broadly.
“Indonesia remains a key market for WeWork, and we are fully committed to providing our members here with workspace solutions for the long term,” said the spokesperson, who asked not to be named.
“Our commitment to Indonesia is unwavering as we continue to work collaboratively with our landlord partners, aiming to craft solutions that set all parties up for sustainable success,” the company added.
Headquarted in New York, WeWork filed for bankruptcy on Monday after years of struggling with a large debt burden and lower demand for office space.
The company recorded overall losses of US$397 million in the second quarter of 2023, according to its financial statement published in August.
