Reader’s Digest, which filed for bankruptcy this past August, informed its 650 Chappaqua-based employees that the company would be relocating to White Plains and Manhattan.
The company, which filed for Chapter 11 protection this past August, will see 525 staffers move to White Plains, and the remaining 125 to 750 Third Avenue in Midtown Manhattan. It had been based in its current location—which it owned until 2004, at which point it sold the building, while continuing to lease office space there—since 1939.
