*NEWS*XEROX PLANS TO MOVE OUT OF…….

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*NEWS*XEROX PLANS TO MOVE OUT OF…….

 user 2006-11-15 at 12:39:00 pm Views: 67
  • #17078

    Xerox plans to move out of its headquarters building
    STAMFORD, Conn. — Xerox Corp. plans to vacate its headquarters building and relocate to a smaller facility within the area, company officials said Monday.Chief Executive Ann Mulcahy told employees last month about the plan, said Christa Carone, a company spokeswoman.”It’s a bigger facility than we currently need and we’d like to get into a space where we can more effectively showcase our brand,” Carone said.Xerox has about 300 employees at the Stamford headquarters, down from about 600 six years ago, Carone said. The printer and copier maker has cut thousands of positions in recent years and introduced numerous new products to return to profitability.Xerox plans to sell or lease the building, but would not disclose the asking price. It’s unclear where the company will relocate, but Carone said it would be in the area.The move is expected to occur within two years or sooner.Xerox moved its corporate headquarters from Rochester, N.Y., to Stamford in 1969. The four-story, 255,000-square-foot building is located on a 25-acre campus.