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Article: Philip Morris USA leaving New York for Virginia
- Article from:
- AP Worldstream
- Article date:
- March 4, 2003
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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Dateline: NEW YORK
Philip Morris USA said Tuesday it will move its New York City offices
to Richmond, Virginia, over the next 15 months, at a cost of about
$120 million. The company said the move will eventually save $60 million
a year.
The domestic tobacco subsidiary of Altria Group Inc. said the relocation
will affect 682 workers, or about 5 percent of its employees.
Philip Morris will offer eligible salaried employees the opportunity
to transfer to Virginia. It said it "will provide comprehensive relocation
packages and support ...