Well 500 hundred more jobs at the top lost to Seattle? None were Union jobs - is Seattle being punished by what and whom? Remember, Albright and that UN Secretary who wears the $1,200 suits - were afraid to go to Seattle....showplace of Amerucan culture = Ninjh and all were out that day.... If they chop heads at top, not long before Union jobs go chop.....now Unions are now controlled by CFR and in bed with CFR all but Hoffa's Teamsters presumably sold out at top......think they did not know this would happen? Big secret? Maybe 40 million Masons can keep a secret? Chamber of Commerce did not know? Look at all the titles below here before you get to story - they did not know? So he who troubles his own house will inherit the wind and that is what it is all about.......and I wonder if the earthquake and electrical costs had anything to do with this......you can be sure they won't move to California. Saba Automobiles Job Market Real Estate All Classifieds Quick News NYT Front Page Arts Business Health International National New York Region Obituaries Politics Science Sports Technology Weather Corrections Special: Taxes Editorials / Op-Ed Readers' Opinions Automobiles Books Cartoons Crossword/Games Job Market Living Magazine Movies Photos Real Estate Travel Week in Review Special: Oscars Boston.com GolfDigest.com Learning Network New York Today NYT Store Shopping Archives Screensavers Help Center Media Kit NYT Mobile Our Advertisers Home Delivery Customer ServiceReview Profile E-Mail Options Log Out Text Version Welcome, saba22 Sign Up for Newsletters | Log Out Go to Advanced Search March 22, 2001 Boeing, Jolting Seattle, Will Move Headquarters By SAM HOWE VERHOVEK with LAURENCE ZUCKERMAN Larry Davis for The New York Times Rebecca Cranz works in company support at Boeing corporate headquarters in Seattle, which is moving out of the region after eight decades. • Air Force Proposes Plan to Help Boeing With Sale of Planes (March. 19, 2001) • Boeing to Build Freight Jet (March. 16, 2001) • Airbus Flying Biggest, Boeing Flying Farthest (Jan. 21, 2001) Get Stock Quotes Look Up Symbols Separate symbols with a space.Portfolio | Stock Markets | Mutual Funds | Bonds | Currencies | Bank Rates | Industries EATTLE, March 21 — After decades as a mainstay of the Seattle economy and a virtual emblem of the Pacific Northwest, the Boeing Company stunned its hometown today with an abrupt announcement that it would move its corporate headquarters out of the region. The company said it was evaluating the Chicago, Denver and Dallas areas as possible sites for a new base. The company's chairman and chief executive, Philip M. Condit, said he envisioned a "leaner corporate center" that would give Boeing greater "flexibility to move capital and talent to the opportunities that maximize shareholder value." Boeing said it had no plans to move its giant commercial aircraft unit, which manufactures ubiquitous passenger jets like the Boeing 737, 747 and 767, out of the Seattle area. And thus it is possible, as the company insisted today, that the impact on the Seattle economy will be modest, since about 500 jobs are scheduled to be moved to the new headquarters. Nonetheless, the announcement by Mr. Condit in Washington, D.C., was a sharp blow to Seattle's psyche and prestige, as stunning, say, as General Motors pulling out of Detroit or Coca- Cola abandoning Atlanta. While the 500 headquarters jobs that would be moved were primarily nonunion, many people here expressed fears that it was a precursor to a larger scaling back by Boeing. The company provides jobs for about 80,000 people in the Puget Sound region and is by far the area's largest private employer. Seattle's mayor, Paul Schell, said he was "totally blindsided." The state's governor, Gary Locke, describing himself as "surprised and deeply sorry," said loss of the headquarters "leaves a void in our economic and cultural life." Both pleaded with Boeing to reconsider. With the region recovering from a literal jolt last month, Dick Conway, a local economist, took a stab at gallows humor, saying, "Well, it has made us forget the earthquake all of a sudden." A local radio station, KIRO-AM, linking Boeing's possible relocation to Dallas with the move of the baseball superstar Alex Rodriguez from the Seattle Mariners to the Texas Rangers, played the country song, "All My Ex's Live in Texas." But the dominant emotions were shock and anger. Union leaders were furious at both the news itself and the five minutes' advance notice that Boeing gave them and the area's elected officials before the announcement. "This decision is a blow to our entire community," said Mark Blondin, president of the local chapter of the International Association of Machinists and Aerospace Workers, representing about 25,000 Boeing workers. "Bill Boeing must be turning over in his grave to learn his company is being ripped from its roots and moved cross country." Mr. Blondin was referring to William Boeing, who bought a shipyard on the Duwamish River in 1910 and later turned it into an airplane factory. He founded the company in 1916 and, taking advantage of the region's once-cheap and abundant hydroelectric power, turned it into the world's pre-eminent manufacturer of planes. Boeing planes helped the Allies win World War II and, in peacetime, helped define jet passenger travel. In recent years, however, the company has seen its once-dominant share of the commercial airplane market challenged, especially in its global market competition with Airbus Industrie, the European consortium. Continued 1 | 2 | 3 | Next>> • Plan Your Taxes With NYTimes.com • Get the latest on Mutual Funds • Looking For New Offices? NYTimes.com/cityfeet • Learn more about college sports Click here to order Reprints or Permissions of this Article Click Here to Receive 50% Off Home Delivery of The New York Times Newspaper. Copyright 2001 The New York Times Company | Privacy Information
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