Business

Reebok plans a big move — and some job cuts

Adidas, Reebok’s parent company, will put the nearly 60-acre Canton campus on the market once Reebok leaves. Chitose Suzuki / Associated Press / File 2005

Another high-profile company is moving to Boston: Reebok, the athletic shoe and apparel company, plans to shift about 700 employees from Canton to a new headquarters in the city.

The move would be one of Boston’s biggest corporate relocations in years. But it’s not going to come without some pain: About 300 people who work in corporate positions for German parent company Adidas AG in Canton will either be asked to move out of state or lose their jobs.

Reebok president Matt O’Toole said the company is still reviewing a few sites in Boston, all in existing buildings and accessible to southern suburbs and mass transit. He declined to name the locations under consideration. A decision will be made by the end of the year, he said, and the move should be done by the end of September 2017.

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