The company plans to sell the current building and is looking for another facility in Stamford or the surrounding area, according to the spokesperson, although what classifies the surrounding area has not been specified by Xerox CEO Ann Mulcahy.
The company had about 600 workers at its 237,000-sf corporate headquarters building about six or seven years ago. However, Xerox has since reduced the staff there to approximately 300. The spokesperson says plans are preliminary, noting that Xerox has not yet hired a consultant to assist it with its building sale and office space relocation.
Xerox's preference is to sell its 25-acre Long Ridge Road property first, and then "consider its options" in Stamford and the surrounding area for a smaller headquarters facility.
More than five years ago, Xerox had announced its intent to sell its headquarters building and relocate to smaller space in the area. However, shortly after the terrorist attacks of 9/11, the company abandoned that initiative. The sale of the headquarters could take months or a few years, according to the spokesperson.
The company, which posted revenue of $15.7 billion last year, was founded in Rochester, NY in 1961 and moved to Stamford eight years later. Xerox employed 55,200 workers worldwide and 29,700 in the US at year's end 2005.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.