The Chicago Tribune reported that truck maker Navistar International may move its headquarters from Chicago to a nearby suburb, in an attempt to cut cost in the face of a declining market.
An office building is under construction in suburban Warrenville, west of the city, and the 400 employees currently at the headquarters would move to that facility, the article said.
However, a city commissioner told the Tribune that Navistar officials had told Chicago officials they intended to stay in the city, continuing a 169-year relationship. A company official replied that the move was still under consideration and an official decision would be made by Sept. 30, the article said.
Navistar pays high rent at its headquarters in the 11-year-old NBC Tower, according to the Tribune. Any move to the suburbs would be to cut costs as truck sales decline, much like the layoffs of more than 1,000 workers announced last month