CARB’s Job Leakage Continues? – Campbell Soup Closes Sacramento Plant
09/27/2012 11 Comments
The Mercury News has the story:
Campbell Soup Co. is closing two U.S. plants and cutting more than 700 jobs as it looks to trim costs amid declining canned soup consumption.
The world’s largest soup maker said Thursday that it will close a plant in Sacramento, Calif., that has about 700 full-time workers. The plant was built in 1947 and is the company’s oldest in the country. It also has the highest production costs of Campbell’s four major U.S. soup plants.
Campbell also plans to shutter a spice plant in South Plainfield, N.J. that has 27 employees. Production will be shifted to the company’s only other U.S. plant, in Milwaukee.
One has to ask, why are Campbell’s production costs highest in the California plant? It could be because the plant is older, or it could be because that California regulations are driving up cost. Looking down the road Campbell may see that AB-32 Cap and Trade will being driving cost into the unsustainable column.