Philip Morris Joins New York Exodus With Headquarters Relocation
Photographer: Daniel Acker/Bloomberg
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Philip Morris International Inc. is moving its corporate headquarters out of New York, the latest blow to the city’s office market as the pandemic leaves many of its skyscrapers mostly empty.
The Marlboro maker’s new location in southwest Connecticut will be operational by mid-2022 and add 200 jobs, the company said in a statement Tuesday, without disclosing the city. The company, which has 71,000 employees worldwide, will keep its operations center in Lausanne, Switzerland.