RJR Nabisco Says It Is Studying Corporate Move
WINSTON-SALEM, N.C. (AP) _ RJR Nabisco Inc. may move its corporate headquarters away from Winston- Salem, but many of the workers affected would be transfered to a subsidiary in the area, a company official said Monday.
Spokesman David Fishel said an announcement to employees confirmed that the company is studying relocation of its headquarters as part of a restructuring of the corporate staff.
″No management decision has been reached, but one is expected to be made within a week to 10 days,″ Fishel quoted the announcement as saying.
Fishel said he did not know what cities were being considered.
An official of an Atlanta development company, Cort Nagle of Trammell Crow Co., said Sunday his company has been involved in negotiations concerning office space with RJR Nabisco, but no leases have been signed.
Fishel said the corporation now has between 800 and 1,000 employees on its headquarters staff, but that RJR Nabisco announced in October that many of these people would be transfered to R.J. Reynolds Tobacco Co., a major subsidiary, in a decentralization process.
Most of the corporation’s 15,000 other employees in the Winston-Salem area work for the tobacco operation.
″The tobacco operation is not affected by this (potential move), except that we probably would gain several hundred employees as part of the decentralization move,″ he said. ″The study on decentralization led to looking at the possibility of relocation.″
The $8 billion tobacco operation accounts for more than 50 percent of RJR Nabisco sales and beteen 60 percent and 70 percent of earnings, he said.
Fishel said he didn’t know whether the corporation’s board of directors would discuss the move when it meets Thursday in Winston-Salem.
RJR Nabisco was formed when R.J. Reynolds Industries Inc. bought Nabisco Brands Inc. for $4.9 billion in 1985.