Office sharing company WeWork files for bankruptcy protection

WeWork is requesting the “ability to reject the leases of certain locations”, which the company says are largely non-operational, as part of the filing

A sign for WeWork is displayed at their office in Manhattan, New York (AP)

Office sharing company WeWork has filed for Chapter 11 bankruptcy protection.

In a statement on Monday, the company said it had entered into a restructuring support agreement with stakeholders to “drastically reduce” the company’s debt while further evaluating its commercial office lease portfolio.