SEATTLE - Mammoth Aerospace firm Boeing said today that it plans to move its corporate headquarters out of Seattle. Boeing cited Chicago, Denver, and Dallas-Fort Worth as possible target cities for its new headquarters. Worldwide Boeing employs 200,000 people, including 78,000 in the Pugent Sound area in Washington. The headquarters staff only numbers 1,000 and Boeing said there will be some cuts in that staff, with the new headquarters expected to employ only about 500. Gary Oakland, president/CEO of the $3.5 billion Boeing Employees CU, said given the small number of employees the move will affect, the relocation doesn't mean much to BECU from an operational standpoint. "No impact really other than a philosophical one of what it's going to do in a sense of the Boeing family. It doesn't appear that it will impact us," said Oakland.
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the top of any article.
From the March-28, 2001 issue of Credit Union Times Magazine • Subscribe!
Boeing relocation shouldn't affect BECU
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!
Comments
Resource Center
View All »
Measure and Monitor the Risks and Opportunities in Loan Portfolios
Get a complimentary demo of our loan portfolio analytics and access to the white paper,...
