Campbell Soup to Close Toronto Plant
CBJ — Campbell Soup Company has announced it will close its Toronto manufacturing facility within the next 18 months, putting nearly 400 people out of work.
The company says the closure is necessary to improve its operational efficiency, citing a challenging retail environment that has seen volume declines of canned soup in North America. Another obstacle is the plant itself, which is almost 90 years old and too bulky and outdated to be retrofitted that would make it competitively viable.
There are plans to build a new Canadian head office in the Greater Toronto Area, which will feature a food innovation centre. About 200 of the 600 people currently employed in Toronto are expected to be retained at the new yet to be identified location. The work currently being done by the other 400 people, who face lay off, will likely be transferred to two of the company’s American plants in North Carolina and Texas.