Shared office space provider WeWork has called for its landlords to make concessions on their leases during its first appearance in US bankruptcy court, seeking to advance a restructuring proposal that could cut $US3 billion in debt and shrink its real estate footprint.
The Softbank-backed company filed for bankruptcy protection in Newark, New Jersey, bankruptcy court on Monday, seeking to address more than $US4 billion ($A6.2 billion) in debt and unsustainable future rent costs.
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