Popular chocolate candy maker Nestle announced it’s planning on moving its U.S. headquarters from Glendale to Virginia.
CBS Los Angeles reports that Nestle USA, which is a subsidiary of Swiss-based Nestle S.A., was expected to make the official announcement on their move with Gov. Terry McAuliffe in Rosslyn, Virginia, Wednesday.
Since the late 1980’s, Nestle USA has been based in downtown Glendale.
Reportedly the company is said to move into the tallest building in the D.C. region., an office which has been sitting vacant since the completion of its construction four years ago at 1812 N. Moore St.
One source said the company will bring up to 700 employees and is expected occupy up to 10 floors. However, reports on the exact number of employees affected have varied.
Gov. McAuliffe has been trying to diversify the job base in Northern Virginia and the Rosslyn area has suffered from a slowdown in federal job growth, as have many other cities across the nation.
According to Nestle USA, 85 percent of their top customers and 75 percent of its factories are in the eastern U.S. and they believe the move will make its headquarters closer to its customers.