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Campbell Soup closing 87-year-old Toronto facil

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Campbell Soup closing 87-year-old Toronto facility, 380 to lose jobs


Business | 206813 hits | Jan 25 8:12 am | Posted by: shockedcanadian
20 Comment

TORONTO — Campbell Soup Company says it’s shuttering its 87-year-old Toronto manufacturing facility within the next 18 months, impacting 380 jobs, as the food purveyor gets set to relocate it Canadian headquarters to a new location.

Comments

  1. by avatar Freakinoldguy
    Thu Jan 25, 2018 4:41 pm
    Maybe the headline should have read "Campbell Soup expanding their plants in North Carolina, Ohio and Texas" because that's what's happening here. What ends up being our loss in jobs and tax revenue are gains for those states and economies.

    My guess is that with Trump's tax breaks and anti NAFTA stance we're going to see alot more American companies return home and alot of the Canadian ones jump the border so they don't get left behind.

    We are at a cross roads here and certain leaders had better stop worrying about what socks to wear at the next summit meeting or how to distance yourself from a gas plant scandal because, if they don't shit or get off the pot we're liable to end up being that 3rd world country they talk about alot sooner than planned.

  2. by avatar BartSimpson  Gold Member
    Thu Jan 25, 2018 4:43 pm
    Making America Great Again tastes Mmmm, mmmm, good!

  3. by avatar CharlesAnthony
    Thu Jan 25, 2018 5:27 pm
    This sounds like a stock buy!

    The Question: Will the price of soup cans go up or down?

  4. by avatar BartSimpson  Gold Member
    Thu Jan 25, 2018 5:46 pm
    "CharlesAnthony" said
    This sounds like a stock buy!

    The Question: Will the price of soup cans go up or down?


    I imagine they'll keep track with inflation. But profits for Campbell's will likely increase as they move production to states with lower taxes and lower overhead.

  5. by avatar DrCaleb
    Thu Jan 25, 2018 7:09 pm
    Haven't had Campbells' soup in years. I can make better.

  6. by avatar PluggyRug
    Thu Jan 25, 2018 7:15 pm
    ^^^^

  7. by avatar BartSimpson  Gold Member
    Thu Jan 25, 2018 7:19 pm
    ^^^^^^^^^^^^

  8. by avatar CharlesAnthony
    Thu Jan 25, 2018 8:46 pm
    I predict the entire company will go tits up before the U$$A does.

  9. by avatar raydan
    Fri Jan 26, 2018 12:12 am
    No soup for you!!!





    ...sorry, couldn't resist. :oops:

  10. by avatar N_Fiddledog
    Fri Jan 26, 2018 1:04 am
    I haven't bought Campbell soup since I heard they were Halal.

  11. by avatar herbie
    Fri Jan 26, 2018 2:49 am
    Most of us stopped buying it because it sin't very good. Didn't need to wait for the dumbest reason on the planet.

  12. by newz
    Fri Jan 26, 2018 4:32 am
    Carbon taxes broke the campbells back.

  13. by avatar CharlesAnthony
    Fri Jan 26, 2018 5:41 pm
    "BartSimpson" said
    But profits for Campbell's will likely increase as they move production to states with lower taxes and lower overhead.
    Well, hopefully our tard-cousins down south start enjoying The Leading Brand more than ever before.

    So far, nobody in Canada seems to want to buy their product. Maybe the truth of the company move is hiding in plane site, as usual.

  14. by avatar bootlegga
    Sun Jan 28, 2018 4:04 pm
    "DrCaleb" said
    Haven't had Campbells' soup in years. I can make better.


    I can make better too, but it takes time to make good soup, so I still use it once and a while.



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