REPORT: Boeing Considering Selling Seattle Area Commercial Airplanes Headquarters

Boeing recently relocated a major part of its operations from the Seattle area to South Carolina.

The news sent shock waves through Washington state because of all the jobs Boeing provides there, and sparked a conversation about the left wing politics of Seattle.

It seems businesses prefer to operate in areas where there aren’t frequent left wing riots. Who knew?

Now the company is considering selling its commercial airplane headquarters which is currently located in Renton, outside of Seattle.

The Seattle Times reports:

Boeing eyes sale of Commercial Airplanes HQ, considers mobile CEO and rethinks office work

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Boeing is considering selling its big Commercial Airplanes headquarters campus at Longacres in a broad initiative to slash its costs in the downturn and take advantage of the new reality that many employees can work a lot from home.

While no decision has yet been made, a senior company executive said Boeing Commercial Airplanes CEO Stan Deal is leaning toward effectively ditching the concept of having a headquarters at all.

Instead of a fixed local headquarters, Deal wants himself and his leadership team to be mobile and “closer to where the products are being built,” the executive said.

Deal wants to be “moving around, not planting a flag. Being able to move from site to site freely without being anchored down anywhere,” he added.

The impetus for the potential real estate sell-off is the urgent need to cut costs and position the company to survive the coronavirus pandemic’s shocking blow to the airline business.

Yet the prospect of the sale of the 215-acre complex in Renton, built 30 years ago on the site of the former Longacres horse-racing track, will stir new unease about Boeing’s long-term future here.

So far, the company isn’t saying it will move to another area but people must be nervous about the possibility.

No one would blame them if they did decide to leave the Seattle area after what happened in the city over the summer.

Riots tend to make businesses uneasy, for obvious reasons.

 

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