Campbell Soup Closing Toronto Factory, Shifting Production to U.S. True Pundit

Campbell Soup Company announced that it would close its Toronto, Canada, plant and shift production to three U.S. factories.

The company revealed Wednesday that the Toronto facility, which first opened in 1931, would be closed in several phases over 18 months before moving production to facilities in Maxton, North Carolina; Paris, Texas; and Napolean, Ohio.

The move will result in the loss of 380 Canadian jobs, but it is unclear how many new jobs will be created in the U.S. A company spokesman told Bloomberg that existing employees would most likely handle the increased soup volume.

Mark Alexander, the president of Campbell?s parent company, Americas Simple Meals and Beverages, said the decision to close was a difficult one? but ultimately the best course of action? for the company.

?We are operating in an increasingly challenging environment as our industry?s consumer and retail landscapes continue to change dramatically,? he said in a statement.

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