US food manufacturer Campbell Soup has announced the closure of it manufacturing facility in Toronto, Canada as part of a “previously-announced cost savings initiative”.
According to a company press release, the decision was taken to improve the operational efficiency of Campbell Soup’s North American thermal supply chain network and eliminate overcapacity in response to declining volume sales in canned soup.
Campbell Soup said it would now move its headquarters and commercial operations to a new location in the Greater Toronto area.
Mark Alexander, president, Americas Simple Meals and Beverages commented: “The decision to stop producing soup and broth in Canada was a difficult one. After a thorough review, we decided this was the best course of action for our business. We are operating in an increasingly challenging environment as our industry’s consumer and retail landscapes continue to change dramatically. This decision in no way reflects on the talent or dedication of our team at our Toronto facility, and we are committed to assisting them through this difficult transition”.
Source: Campbell Soup
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