Campbell Soup to cut costs, 415 employees affected

By Steve Gelsi

Food giant to shut soup plant in Oregon, move potato chip production to other facilities

Campbell Soup Co. said Tuesday it plans to shut down an organic soup plant in Tualatin, Oregon and reduce staff at a site in Jeffersonville, Indiana, in cost-cutting moves that will affect 415 jobs.

Campbell Soup (CPB) said about 120 of 330 employees will be impacted in Tualatin in August, with plans to cease operations by July of 2026.

The company's Jeffersonville, Indiana plant will focus on production of Late July tortilla chips, while its kettle potato chips will be moved to company operations at two other plants.

About 85 of the Indiana plant's 230 employees will be impacted in July.

Campbell Soup said impacted employees will receive separation benefits and job placement services.

Campbell Soup said it would make $230 million in additional investments through 2026 in moves that will create about 210 new roles across the company including facilities in Maxton, N.C., Hanover, Pa., and Franklin, Wisc.

Campbell Soup Co. stock was down by 2.2% in recent trades.

-Steve Gelsi

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05-28-24 1112ET

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