Jerry Brown claims we have a recovery in California. Yesterday we found out California is the nations second highest in underemployed people—only New Mexico is higher. Brown announced a $1.8 billion deficit, but when EVERYTHING is included the real deficit for 2017-18 is closer to $10 billion—like in the good old days of his former Chief of Staff, Gray Davis—who was thrown out of office.
Now we have another iconic corporation leaving California for a low tax, free to work State, Virginia—Nestle’s. They are leaving Glendale to Arlington, Virginia. When will Brown admit to us California is in the recession he said we were entering, last June?
“Nestle USA is pulling its corporate headquarters out of Glendale and moving to Arlington County, Va., the mega-food company said Wednesday.
Nestle will begin to move into its new home-base near Washington, D.C., later this year, and expects to finish the relocation by the end of 2018, the company said in a statement.
The company said it will tack on 750 jobs at the new headquarters. It was not immediately clear if the Glendale positions would be cut in the process.” Currently in Glendale there are 1200 jobs—all lost to Virginia.
Glendale’s Nestle USA Plans Move to Virginia
By Daina Beth Solomon, Los Angeles Business Journal, 2/1/17
Nestle USA is pulling its corporate headquarters out of Glendale and moving to Arlington County, Va., the mega-food company said Wednesday.
Nestle will begin to move into its new home-base near Washington, D.C., later this year, and expects to finish the relocation by the end of 2018, the company said in a statement.
The company said it will tack on 750 jobs at the new headquarters. It was not immediately clear if the Glendale positions would be cut in the process.
Paul Grimwood, Nestle’s chief executive, said the company considered a variety of options before settling on Arlington.
“Not only is it attractive to our current employees while offering a great talent pool for the future, but this location allows us to be closer to our business operations, our customers and other important stakeholders,” he said in a statement.
The move will leave behind a chunk of space at 800 N. Brand Blvd. in Glendale, where, according to CoStar, Nestle leases 378,452 square feet.
The company will still retain a footprint in California, with nine manufacturing facilities for products including Dreyer’s Ice Cream and Purina PetCare. The company’s statement said it employs 5,500 people across the state.
Nestle isn’t the first major company to uproot its L.A. headquarters in recent years. Jacobs Engineering Inc., Toyota Motor Corp.’s North America division, and coffee maker Farmer Bros. Co. all decamped to Texas.
Monday Properties, the owner of Nestle’s new office, which is in the unincorporated Rosslyn area, said in a statement that Nestle would spend $39.8 million on the relocation. Nestle will lease 206,000 square feet, less than two-thirds of its current space, with the option to expand.
Nestlé USA, owned by Nestlé S.A. in Vevey, Switzerland, generated $9.7 billion in sales in 2015.
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