Serviced office provider IWG has warned of a delay to its recovery as the coronavirus pandemic drags on, saying that underlying earnings for this year would be “well below” the level in 2020. IWG has been hit hard by Covid-19 curbs, which have caused demand for offices to fall. It highlighted the effect of continuing lockdown restrictions on office bookings, and the emergence of new variants of the virus. The company said it had received “unprecedented” demand for flexible working spaces, reflecting a shift in working life that has happened during the coronavirus era. S4 has become more flexible during the pandemic on commuting times and days in the office out of a desire to treat staff as “adults”, he added.

Source: The Irish Times June 07, 2021 19:31 UTC