Campbell Soup Company announced that it would close its Toronto, Canada, plant and shift production to three U.S. factories.
The company revealed Wednesday that the Toronto facility, which first opened in 1931, would be closed in several phases over 18 months before moving production to facilities in Maxton, North Carolina; Paris, Texas; and Napolean, Ohio.
The move will result in the loss of 380 Canadian jobs, but it is unclear how many new jobs will be created in the U.S. A company spokesman told Bloomberg that existing employees would most likely handle the increased soup volume.
Mark Alexander, the president of Campbell’s parent company, Americas Simple Meals and Beverages, said the decision to close was “a difficult one” but ultimately “the best course of action” for the company. – READ MORE
[give_form id=”79809″] [divider][/divider]Anheuser-Busch’s new CEO said the company’s Belgium-based parent AB InBev is “very bullish” and committed to investing in the U.S. following the passage of President Trump’s tax overhaul legislation.
“We just finished our board meeting two weeks ago, where we said that we are committed to the U.S. market and that we are still very bullish on the U.S.” Michel Doukeris, Anheuser-Busch CEO and AB InBev’s North American zone president told FOX Business.
“We are also very excited because our plants that we have in the U.S, we are going to put in around $2 billion [worth] of investments,” he said. An annoucement that the company made back in May, a few months into Trump’s first term
Doukeris, who has only been at helm for less than a month, is tasked with growing U.S. sales, after many customers, especially millennials, have turned a cheek on iconic brands like Budweiser in favor of craft beers and spirits. – READ MORE
[give_form id=”79809″] [divider][/divider]A telling new survey by the Pew Research Center reveals that Democrats who considered the economy a top priority under the Obama administration have changed their tune now that the economy has taken off under Trump.
The results of the survey are stark. In 2013, an overwhelming majority of the Democratic party (87 percent) said that strengthening the economy was a top priority, whereas today just 64 percent of Democrats say they consider the economy a key issue.
Something similar has occurred in Democrats’ appreciation for the importance of jobs. In 2013, 81 percent of Democrats said they viewed improving the nation’s job situation as a top policy goal, while today just 58 percent of Democrats say this.
Taking the place of the economy and employment among Democrats’ top priorities are global warming and environmental protection. Today, 68 percent of Democrats and those leaning Democratic say that addressing climate change should be a top priority for Trump and Congress, Pew found. By contrast, a scant 18 percent of Republicans and Republican leaners say it is a top priority. – READ MORE
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