May 07, 2015

Nearly 500 Campbell Soup employees taking buyout

The Camden-based company expects to take a $110 million hit in its fiscal fourth quarter

By John Kopp
PhillyVoice Staff

Campbell's

James H. Collins/AP

This Aug. 31, 2011 photo shows two cans of Campbell's soup in New York.

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As part of a companywide restructuring, 471 Campbell Soup Co. employees are taking early buyouts, according to the Philadelphia Business Journal. Most of the employees will remain in place through July 31.

The Camden-based company is expected to take a $110 million hit in its fiscal fourth quarter as part of the restructuring, which will reorganize the company under three divisions separated by product categories.

Read the rest of the Philadelphia Business Journal story here.

John Kopp

John Kopp
PhillyVoice Staff

john@phillyvoice.com

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