JOB LOSSES: Campbell’s Shutting Toronto Plant, Moving Production To U.S.

The move will result in 380 lost manufacturing jobs.

Campbell Soup Company is shutting down their Toronto plant and moving production to the U.S.

The move will eliminate 380 Canadian manufacturing jobs.

According to a report “Officials said Canadian soup and broth production will be moved to the company’s plants in North Carolina, Ohio and Texas.”

In a statement, the company said “Several factors have resulted in excess capacity in Campbell’s North American thermal supply chain network, including significant productivity improvements and volume declines of canned soup in North America.”

The Toronto plant is said to be too expensive to retrofit at a competitive cost.

Notably, this move comes shortly after the U.S. passed tax reform, and dramatically reduced their business tax rate while also reducing income taxes across the board, in addition to widespread de-regulation.

Meanwhile, Canada has been going in the opposite direction, adding regulations, and imposing a carbon tax. Ontario also has other barriers to doing business, as high energy costs are another expense that companies must account for.

Now, Canada is seeing the impact of bad government policy as 380 manufacturing jobs are lost to our southern neighbours – something that could become a lot more common the more the government insists on restricting our economy.

Spencer Fernando

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Jen
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Jen

YEP, ALL Businesses are pulling out-cant blame them at all and for the union bosses there will be less blood (union dues) to suck from.

I DID NOT VOTE FOR THAT JIHADI TRUDEAU NOR FOR HIS RADICAL JIHADIST PARTY NOR FOR THE DESTRUCTION OF CANADA.

Bruce
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Bruce

Can’t blame them at all. All eyes on Trudeau and Wynne for creating a hostile business environment in Canada.

GREG
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GREG

Siemens Tilsonburg gone. Procter and Gamble Brockville gone and no doubt many others that I am not aware of . Certainly many smaller companies have left that never make the news.
Time for major reforms in Ontario . Bring on the right to work legislation and other major reforms ! Are all the Mike Harris’s and Ralph Klien’s of Canada gone ?

dee
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dee

one cant blame trump, he is looking after his country like our morons should be. truduh! and wynnes policies are doing to canada what obama did to the states. we need leader who will fight for canadian jobs. wynne bragged about increased productivity in an automotive line in oshawa, what she did not announce was gmc moving an entire s.u.v. model down to mexico from ingersol. wynne and boy wonger truduh! have got to go! leader should know 1.7 growth is not enough to hike interest rates… last two interest hikes have added at least $200 a month in interest… Read more »