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Odebrecht moves to a lean headquarters in April

The remaining workers will be transferred to the Parque da Cidade
The remaining workers will be transferred to the Parque da Cidade
By: SiiLA News
03/26/2021
The Building symbol of the Lava-Jato, the headquarters building of the Bahian conglomerate Odebrecht (now Novonor), had already changed its name two years ago. As of April, it will no longer house the employees of the group, which has been in judicial reorganisation since June 2019, with almost R$100 billion in debt. The remaining workers will be transferred to the Parque da Cidade plant in Chácara Santo Antônio (south of São Paulo), filling only two and a half floors.

The change is still symbolic because it is one of the largest conglomerates in the country, which was struck down by accusations of corruption facing one of the country's biggest litigations, placing father (Emílio Odebrecht) and son (Marcelo) on opposite sides. With heavy debts and several assets for sale, the company struggles to keep part of its business and decided to transfer its headquarters to Parque da Cidade's premises. This development was initially part of Odebrecht Realizações, which houses condominiums with five commercial and two residential towers. , hotel, shopping centres and three restaurants to adapt to the new reality and reduce its costs. Part of these developments were sold to Eztec and the HSI fund.

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