Campbell Soup Company has announced it will be shutting down its 87-year-old Toronto manufacturing facility within the next 18 months, impacting 380 jobs.
Productivity improvements and "volume declines of canned soup in North America" are to blame, according to the company.
The company says soup and broth production at the Toronto facility will be transitioned in phases to three plants in North Carolina, Ohio and Texas. Its current Canadian headquarters and commercial operations at the Etobicoke facility will be moved to a new location in the Greater Toronto Area, which will feature a new food innovation centre.
It says nearly 200 roles from the almost 600 people who work at the Toronto facility will be retained at the new headquarters. The rest - approximately 380 manufacturing and manufacturing-related roles - will be impacted.
"The decision to stop producing soup and broth in Canada was a difficult one," said Mark Alexander of Campbell Soup Company in a release. "This decision in no way reflects on the talent or dedication of our team at our Toronto facility."