Cruzeiro moves headquarters to coworking company during the world crisis

Cruzeiro will vacate building where it runs its administrative headquarters to make savings for the club's coffers.

By: SiiLA News

12/23/2020

The financial crisis in Cruzeiro gets another chapter, and the board tries to save as much as possible with deep cuts to maintain the institution’s economic viability. Within this perspective and to save up something around R$2 million per year, the blue dome will transfer its Raposa administrative headquarters from a grand building at Barro Preto, south-central of Belo Horizonte, to coworking - spaces with several rooms and that are usually shared by companies. The office chosen by the current management will be located inside Boulevard Shopping, in the eastern region of Minas Gerais’s capital.

Cruzeiro closed an agreement with a large company in the shared office sector, WeWork. In an official note published yesterday (21), the club treated the issue as an “important step in professional management when consolidating worldwide partnership”, with one of the largest in the world and headquarters in several places worldwide. However, the new partner is facing a vast world crisis. In 2020, between April and June, 81 thousand customers broke their contract with WeWork, according to the company’s quarterly balance sheet. Other agreements with homeowners, for example, have undergone renegotiation to prevent further collapse, even more extensive than the COVID-19 itself.

Read full story (in Portuguese).

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