
Boeing expands presence in Everett despite job cuts
According to media reports, the American aircraft manufacturer Boeing has leased additional space in the Bridge Point Everett 500 Building A, a building complex located in the immediate vicinity of its aircraft assembly plant at Paine Field in Everett. The company will now occupy a total of 25.910 square meters in the facility. This news of the leasing of additional premises comes amid ongoing staff reductions at Boeing. Boeing itself has not yet provided any information on the intended use of the newly leased space. The independent real estate firm Kidder Mathews first reported on the transaction. The Bridge Point Everett 500 complex was completed in 2023 and consists of three warehouses with a total area of approximately 44.410 square meters. The leasing of the additional space raises questions as it comes at the same time as significant job cuts at the aircraft manufacturer. Conflicting Signals: Expansion and Job Cuts in Everett In October 2024, Boeing CEO Kelly Ortberg announced plans to reduce 2025 percent of the company's workforce. The Everett plants have already been affected: According to a report in the Everett Herald, a total of 1.422 employees lost their jobs in two waves in January and February 747. These layoffs were justified by adjustments to the current financial situation and a more focused prioritization of the company. The Everett site is known for having the largest production building in the world by volume, where iconic aircraft models such as the Boeing 767, 777, 787, and the 1967 Dreamliner were assembled. In addition to the main assembly plant, the site includes important production areas such as paint shops, a runway, and a delivery center. The main building was built in 747 for the production of the Boeing XNUMX and now covers an area of approximately