EVERETT, Wash. — Boeing has announced it is considering relocating its commercial airplane division headquarters in Washington state in an effort to reduce costs during the coronavirus pandemic.
The Daily Herald reported that Boeing Executive Bill McSherry confirmed earlier reports that the company was evaluating whether to vacate the Boeing Commercial Airplanes headquarters in Renton.
If that happens, the headquarters would remain in the Puget Sound region and move to either the Boeing Field in Seattle or the campus in Everett.
McSherry told participants at an Economic Alliance Snohomish County virtual gathering on Tuesday that the pandemic has forced the airline to take “some very difficult steps."
In addition, Boeing released a statement explaining its actions:
We’re still working through an assessment. Boeing continually assesses the company’s entire portfolio of real estate property assets and adjusts the company’s footprint as the business environment evolves. Boeing Commercial Airplanes leadership will remain in the Puget Sound region.
In addition, Boeing released a statement providing additional context to the company's business transformation efforts:
“The Covid-19 pandemic has significantly affected air travel and the commercial aviation industry, including Boeing. As we adapt to new market realities and position for the future, we are taking action across the company in five key categories: infrastructure; overhead and organizational structure; portfolio and investment mix; supply chain health; and operational excellence. That includes evaluating ways to more effectively utilize our office space and reduce costs. Additionally, we can offer more flexibility for our teammates with a combination of virtual and on-site work space, while also ensuring that leaders and teams are closer to where the work is being done to support our customers.”