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Boeing Expects to Need 30% Less Office Space After Job Cuts, Reorganization

Aerospace Giant Also Plans to Streamline Warehouse, Logistics Properties
A Boeing 737 factory in Renton, Washington, features a mural of the plane made within its walls. (Stephen Brashear/Getty Images)
A Boeing 737 factory in Renton, Washington, features a mural of the plane made within its walls. (Stephen Brashear/Getty Images)
By Clare Kennedy
CoStar News
October 28, 2020 | 11:01 P.M.

Aerospace giant Boeing Co. said it is reevaluating its entire real estate portfolio, and could reduce its office space by 30%, as it plans a fourth round of layoffs in response to financial stress caused by the pandemic and its grounded 737 MAX plane.

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