Nestle Signs New Deal With IWG

Nestle has signed a new partnership with IWG that will provide its employees in China access to the flexible office operator’s locations worldwide.

This deal is part of Nestle’s new commitment to offer more flexibility for workers in order to nurture their productivity and wellbeing.

Nestle, which has 26,000 employees in China, Hong Kong, Macau and Taiwan, will provide its workers with access to IWG’s 3,500 locations all over the world for one year, with the option to extend the deal after 12 months.

“The partnership with IWG forms part of our flexible working concept — to create a better, healthier, more productive and sustainable working environment for Nestle employees throughout China,” said Natasha Zou, head of workplace solutions, China, at Nestle.

At the same time, it was revealed that Singapore-based banking company DBS would be surrendering two of the eight floors it occupies in Hong Kong’s One Island East Tower. 

This news comes as other global banks also relinquish office space in order to incorporate more flexible work arrangements for the future. In fact, research from Cushman & Wakefield has found that multinational companies accounted for 75% of surrendered office stock last year.