NEW YORK (Reuters) - Campbell Soup Co will shed nearly 800 jobs as part
of a series of cost cuts, which include exiting the Russian market,
automating operations at a factory in Australia and closing one in the
United States.
The company's stock rose 0.8 percent in after-hours trading following
the announcement on Tuesday.
The world's largest soup maker has about 18,400 employees worldwide,
including about 1,200 at its headquarters in Camden, New Jersey
More at:
http://news.yahoo.com/campbell-soup-cut-jobs-save-money-211238782.html
Perhaps we can use this thread to help keep each other informed about
the state of employment. Sort of like "the river keeps risin'".
In this case "the soup spilled...".
"Lew Hodgett" wrote in message
news:[email protected]...
"Steve" wrote:
> Dad, being from New Jersey, always referred to it as "The Garbage State."
> And yes, you knew when Camden was making tomato soup. There are fresh
> tomatoes, ripe tomatoes, and then, tomatoes destined for soup!
-------------------------------------
If you were to drive thru the Central Valley of California during
tomato harvesting season, you and/or your father would probably feel
right at home.
SFWIW, the acidity in tomatoes and the elevated processing
temperatures used to process tomatoes totally destroy the stainless
steel processing vessels in just a few years and they must be
replaced.
Good business for everybody.
Lew
----------------------
Yummm! Added iron and nickel in your diet!
mike
"Bill" wrote:
> NEW YORK (Reuters) - Campbell Soup Co will shed nearly 800 jobs as
> part of a series of cost cuts, which include exiting the Russian
> market, automating operations at a factory in Australia and closing
> one in the United States.
---------------------------------
I'm surprised they still had production operations in Camden.
New Jersey is known as the "Garden State"; however, probably not much
land in cultivation today and my guess is that Camden is something
other than the Garden spot in the Garden state these days.
The buildings are probably still brick and mortar that were built over
100 years ago, IOW, very high maintenance.
The canning industry only operates about 3 months a year of non stop
operation.
The other 9 months are spent doing PM, ripping out old lines and
installing new ones.
Other than engineering and maintaince, they are operating with a
skeleton crew.
That 800 number probably includes a lot of seasonal production folks.
Lew
On 2011-06-29 03:53:30 -0400, "Lew Hodgett" <[email protected]> said:
> New Jersey is known as the "Garden State"; however, probably not much
> land in cultivation today and my guess is that Camden is something
> other than the Garden spot in the Garden state these days.
Dad, being from New Jersey, always referred to it as "The Garbage
State." And yes, you knew when Camden was making tomato soup. There are
fresh tomatoes, ripe tomatoes, and then, tomatoes destined for soup!
"Steve" wrote:
> Dad, being from New Jersey, always referred to it as "The Garbage
> State." And yes, you knew when Camden was making tomato soup. There
> are fresh tomatoes, ripe tomatoes, and then, tomatoes destined for
> soup!
-------------------------------------
If you were to drive thru the Central Valley of California during
tomato harvesting season, you and/or your father would probably feel
right at home.
SFWIW, the acidity in tomatoes and the elevated processing
temperatures used to process tomatoes totally destroy the stainless
steel processing vessels in just a few years and they must be
replaced.
Good business for everybody.
Lew
"Bill" <[email protected]> wrote in message
news:[email protected]...
> NEW YORK (Reuters) - Campbell Soup Co will shed nearly 800 jobs as part of
> a series of cost cuts, which include exiting the Russian market,
> automating operations at a factory in Australia and closing one in the
> United States.
>
> The world's largest soup maker has about 18,400 employees worldwide,
> including about 1,200 at its headquarters in Camden, New Jersey
Only solution is to eat more soup. I imagine the competition is a factor.
wrote in message news:[email protected]...
> This put huge pressure on the upper management of these companies to show
> significant profits all the time, not just when the market was favorable.
Yup, the blind pursuit of profit *now* with little care for what will happen
down the road is responsible for some bizarre and self-destructive corporate
behavior, the recent insanity on Wall St. being a good example. There was
an e-mail between employees at S&P if memory serves, one guy telling another
that by the time the consequences of selling AAA ratings to companies
issuing toxic securities came due the two employees would have moved on
someplace else, so it wasn't going to be their problem.
Cutting costs on the furniture you build by using fewer screws and less glue
would obviously be a foolish policy, yet that's the formula business uses
today--cut costs to boost profits and to hell with what will happen later.
On 6/29/2011 12:03 PM, DGDevin wrote:
> Cutting costs on the furniture you build by using fewer screws and less
> glue would obviously be a foolish policy, yet that's the formula
> business uses today--cut costs to boost profits and to hell with what
> will happen later.
Ahhh, yes... The rise of the MBA in upper management.
--
www.e-woodshop.net
Last update: 4/15/2010
KarlC@ (the obvious)
Trust me...... I DO NOT condone this philosophy or practice for everyone. I
myself do not want to be King. :) There is a great amount of responsibility
that comes with that kind of power. And that is after all what weath is . .
. Power... plain and simple.
--
Offered in the spirit of friendship and respect :)
Bill <[email protected]> wrote in news:[email protected]:
> NEW YORK (Reuters) - Campbell Soup Co will shed nearly 800 jobs as part
> of a series of cost cuts, which include exiting the Russian market,
> automating operations at a factory in Australia and closing one in the
> United States.
>
> The company's stock rose 0.8 percent in after-hours trading following
> the announcement on Tuesday.
>
> The world's largest soup maker has about 18,400 employees worldwide,
> including about 1,200 at its headquarters in Camden, New Jersey
>
> More at:
> http://news.yahoo.com/campbell-soup-cut-jobs-save-money-211238782.html
>
>
> Perhaps we can use this thread to help keep each other informed about
> the state of employment. Sort of like "the river keeps risin'".
> In this case "the soup spilled...".
From the link above:
"It will also outsource a larger portion of its U.S. retail merchandising
activities to its current retail sales agent Acosta Sales and Marketing,
a move that will result in the loss of 190 positions."
I would assume that Acosta will be hiring then. So about 1/4 of the jobs
lost will mean more jobs with another company. Other job losses are in
Russia and in Victoria, Australia. That limits the impact here in the US
...
Some day companies will realize that outsourcing doesn't always result in
more profits.
--
Best regards
Han
email address is invalid
"HeyBub" <[email protected]> wrote in
news:[email protected]:
> Bill wrote:
>> NEW YORK (Reuters) - Campbell Soup Co will shed nearly 800
>> jobs as part of a series of cost cuts, which include
>> exiting the Russian market, automating operations at a
>> factory in Australia and closing one in the United States.
>>
>> The company's stock rose 0.8 percent in after-hours
>> trading following the announcement on Tuesday.
>>
>> The world's largest soup maker has about 18,400 employees
>> worldwide, including about 1,200 at its headquarters in
>> Camden, New Jersey
>>
>> More at:
>> http://news.yahoo.com/campbell-soup-cut-jobs-save-money-211
>> 238782.html
>>
>>
>> Perhaps we can use this thread to help keep each other
>> informed about the state of employment. Sort of like "the
>> river keeps risin'". In this case "the soup spilled...".
>
> Piddle. 25,000 workers lost their jobs in California today
> - or at least had their incomes reduced - as Amazon
> responded to the new California law equating "associates"
> with "presence." The new law would force Amazon to collect
> and remit the California sales tax.
>
> The result of this new law is that California will collect
> no more sales tax via Amazon that it did previously, but
> the new law pisses off several thousand citizens. It's a
> lose-lose proposition for the state.
>
> http://www.ocregister.com/articles/amazon-306409-affiliate-c
> alifornia.html
>
You would think they would have learned from what Texas did a
little while back. They tried to collect taxes and Amazon shut
the doors of their Irving facility costing a couple of hundred
jobs.
Bill wrote:
> NEW YORK (Reuters) - Campbell Soup Co will shed nearly 800 jobs as
> part of a series of cost cuts, which include exiting the Russian
> market, automating operations at a factory in Australia and closing
> one in the United States.
>
> The company's stock rose 0.8 percent in after-hours trading following
> the announcement on Tuesday.
>
> The world's largest soup maker has about 18,400 employees worldwide,
> including about 1,200 at its headquarters in Camden, New Jersey
>
> More at:
> http://news.yahoo.com/campbell-soup-cut-jobs-save-money-211238782.html
>
>
> Perhaps we can use this thread to help keep each other informed about
> the state of employment. Sort of like "the river keeps risin'".
> In this case "the soup spilled...".
Piddle. 25,000 workers lost their jobs in California today - or at least had
their incomes reduced - as Amazon responded to the new California law
equating "associates" with "presence." The new law would force Amazon to
collect and remit the California sales tax.
The result of this new law is that California will collect no more sales tax
via Amazon that it did previously, but the new law pisses off several
thousand citizens. It's a lose-lose proposition for the state.
http://www.ocregister.com/articles/amazon-306409-affiliate-california.html
The real shame of all this outsourcing, is that it is driven by our own
greed. We all want to see the greatest return on our investments, retirement
accounts, and savings, and this is how these companies accomplish that goal.
They cut the jobs of the very people that are investing in the stock to
begin with.
If you go back just one or two generations, the "Average" man did not own
stock. It was just too expensive, and remained the realm of the wealthy
(ruling class). They had so much money already, that it was OK for a company
to return modest profits at times. Nobody had to jump ship on the stock
market, simply because they already had so much money, that it just didn't
matter. The rich could afford to endure a certain amount of losses, banking
on the overall trends to balance things out. Therefore companies could be
relaxed to some extent in the decisions they made regarding how they spent
the company's revenues. Some quarters were just better than others. No big
deal!
Then came the mutual fund . . . Everything changed drastically. Suddenly,
there were sources of investment money that could topple a major company
with one sale of it's stock. Before these mutual funds, no one man could
make such a large difference in the financial condition of a company,
regardless of how rich that one man was. But a mutual fund is managed by a
small group who control the money of thousands of investors. So when they
make a decision to sell, it can seriously hurt a company, regardless of how
big they are.
This put huge pressure on the upper management of these companies to show
significant profits all the time, not just when the market was favorable.
The average guy thinks nothing of making drastic changes in his investments
when they show even the slightest dip in performance. And the people who run
those mutual funds know this. So they demand unrealistic performance from
the companies that they invest the mutual fund's money in. And the companies
have to respond with any strategy that will give the bean counters the
numbers they need to publish for the earnings reports. And all of this goes
on without you or me knowing anything about it. We just make knee jerk
decisions when we decide who to invest our money with.
I don't know about you, but I ALWAYS choose to put my money in the best
performing mutual funds. Only logical decision right? Or have I been guilty
of perpetrating the very problem that necessitates this outsourcing
behavior? I wonder if things wouldn't have been better leaving the "ruling
class" to rule? Let's face it . . . They are raised in the Wall Street
environment, and they are trained to make these decisions. They have the
benefit of generations of experience behind them. Us little guys jumped in,
put a LOT of money and power behind a select small group of marginally
trained people, and now we are seeing the end result of our short
sightedness.
The very rich are still the very rich, and the working class is still the
working class. The only thing that has changed significantly, is that a LOT
of us have lost our jobs to the very thing that we thought was going to make
us rich. Our own greed has been our undoing. Less than one percent of any
given population ever changes ranks in the financial standing.
The best that a working class person can do to become wealthy, is to make a
multigenerational pact within the family unit. I watch the Eastern cultures
do it all the time. The Patriarch and Matriarch handle the "Family" wealth.
They see to the needs of the younger family members, who then become
contributors to the "Family" wealth. They build the pool of family wealth
over a long period of time, never touching the main pool of capital. Each
family member continues to contribute (a percentage) to the pool. In due
time, the family pool of wealth becomes substantial, and begins to pay
enough dividends to more than offset the input made in the early years of
the junior family members. At some point, there is enough to educate the
children without undo hardship on the family. Further down the line, there
will be enough income from investments to satisfy the needs of the family
entirely. Beyond that, the entire family will eventually be truly wealthy.
They then rise to the ruling class at some point. They have learned to
harness the real power of the family unit, in a way that nature has done for
as long as time itself. Bees, ants, church tithing and pack animals have
done this sort of thing forever. It is quite simply known as the "Hive
Mentality". It can and will work for humans too!
This can be started slowly. Just have each family member contribute 10% of
their gross income. Never touch the principal, and only disperse 10% of the
earnings once a year. The first few years it will only result in a piece of
candy or a soda pop. But think of what the numbers will be by the time your
great grandchildren are your age. They will likely get a fully paid college
degree. In two more generations, each family member will be able to draw a
stipend to live on. And so on, until your family has joined the ranks of the
"Ruling Class"! At this point, nobody in your family will need to worry who
has the jobs, they won't need them any more.
Just something to think about!
--
Offered in the spirit of friendship and respect :)
Kevin
Lew Hodgett wrote:
> "Bill" wrote:
>
>> NEW YORK (Reuters) - Campbell Soup Co will shed nearly 800 jobs as
>> part of a series of cost cuts, which include exiting the Russian
>> market, automating operations at a factory in Australia and closing
>> one in the United States.
> ---------------------------------
>
> I'm surprised they still had production operations in Camden.
>
> New Jersey is known as the "Garden State"; however, probably not much
> land in cultivation today and my guess is that Camden is something
> other than the Garden spot in the Garden state these days.
>
> The buildings are probably still brick and mortar that were built over
> 100 years ago, IOW, very high maintenance.
>
> The canning industry only operates about 3 months a year of non stop
> operation.
>
> The other 9 months are spent doing PM, ripping out old lines and
> installing new ones.
>
> Other than engineering and maintaince, they are operating with a
> skeleton crew.
>
> That 800 number probably includes a lot of seasonal production folks.
>
> Lew
They didn't say so in the article, but Campbell's company headquarters
is in Camden, NJ. In case anyone is curious, it's just across the river
from Philadelphia. This doesn't bother me as much as the closing of the
furniture factories, but it puts me in the same mood.
[email protected] wrote:
> The real shame of all this outsourcing, is that it is driven by our own
> greed. We all want to see the greatest return on our investments, retirement
> accounts, and savings, and this is how these companies accomplish that goal.
> They cut the jobs of the very people that are investing in the stock to
> begin with.
>
> If you go back just one or two generations, the "Average" man did not own
> stock. It was just too expensive, and remained the realm of the wealthy
> (ruling class). They had so much money already, that it was OK for a company
> to return modest profits at times. Nobody had to jump ship on the stock
> market, simply because they already had so much money, that it just didn't
> matter. The rich could afford to endure a certain amount of losses, banking
> on the overall trends to balance things out. Therefore companies could be
> relaxed to some extent in the decisions they made regarding how they spent
> the company's revenues. Some quarters were just better than others. No big
> deal!
>
> Then came the mutual fund . . . Everything changed drastically. Suddenly,
> there were sources of investment money that could topple a major company
> with one sale of it's stock. Before these mutual funds, no one man could
> make such a large difference in the financial condition of a company,
> regardless of how rich that one man was. But a mutual fund is managed by a
> small group who control the money of thousands of investors. So when they
> make a decision to sell, it can seriously hurt a company, regardless of how
> big they are.
>
> This put huge pressure on the upper management of these companies to show
> significant profits all the time, not just when the market was favorable.
> The average guy thinks nothing of making drastic changes in his investments
> when they show even the slightest dip in performance. And the people who run
> those mutual funds know this. So they demand unrealistic performance from
> the companies that they invest the mutual fund's money in. And the companies
> have to respond with any strategy that will give the bean counters the
> numbers they need to publish for the earnings reports. And all of this goes
> on without you or me knowing anything about it. We just make knee jerk
> decisions when we decide who to invest our money with.
>
> I don't know about you, but I ALWAYS choose to put my money in the best
> performing mutual funds. Only logical decision right? Or have I been guilty
> of perpetrating the very problem that necessitates this outsourcing
> behavior? I wonder if things wouldn't have been better leaving the "ruling
> class" to rule? Let's face it . . . They are raised in the Wall Street
> environment, and they are trained to make these decisions. They have the
> benefit of generations of experience behind them.
I was basically with you until I got to the paragraph above. It reminds
me of reassuring the slaves working in the fields that "this was the
natural order of things".
I am not sure I agree at all that the ability to make good decisions is
naturally inherited from generation to generation. Your suggestion
(above) sounds decidedly socialistic.
Regarding your idea below. It reminds me of certain church denominations
(this IS power in numbers). Of course, every family is free to save
however they wish. Creating pacts, like social security, obligating the
unborn seems a bit unfair to me though and probably will appear unfair
to them too. I can tell your intent is good.
Bill
Us little guys jumped in,
> put a LOT of money and power behind a select small group of marginally
> trained people, and now we are seeing the end result of our short
> sightedness.
>
> The very rich are still the very rich, and the working class is still the
> working class. The only thing that has changed significantly, is that a LOT
> of us have lost our jobs to the very thing that we thought was going to make
> us rich. Our own greed has been our undoing. Less than one percent of any
> given population ever changes ranks in the financial standing.
>
> The best that a working class person can do to become wealthy, is to make a
> multigenerational pact within the family unit. I watch the Eastern cultures
> do it all the time. The Patriarch and Matriarch handle the "Family" wealth.
> They see to the needs of the younger family members, who then become
> contributors to the "Family" wealth. They build the pool of family wealth
> over a long period of time, never touching the main pool of capital. Each
> family member continues to contribute (a percentage) to the pool. In due
> time, the family pool of wealth becomes substantial, and begins to pay
> enough dividends to more than offset the input made in the early years of
> the junior family members. At some point, there is enough to educate the
> children without undo hardship on the family. Further down the line, there
> will be enough income from investments to satisfy the needs of the family
> entirely. Beyond that, the entire family will eventually be truly wealthy.
> They then rise to the ruling class at some point. They have learned to
> harness the real power of the family unit, in a way that nature has done for
> as long as time itself. Bees, ants, church tithing and pack animals have
> done this sort of thing forever. It is quite simply known as the "Hive
> Mentality". It can and will work for humans too!
>
> This can be started slowly. Just have each family member contribute 10% of
> their gross income. Never touch the principal, and only disperse 10% of the
> earnings once a year. The first few years it will only result in a piece of
> candy or a soda pop. But think of what the numbers will be by the time your
> great grandchildren are your age. They will likely get a fully paid college
> degree. In two more generations, each family member will be able to draw a
> stipend to live on. And so on, until your family has joined the ranks of the
> "Ruling Class"! At this point, nobody in your family will need to worry who
> has the jobs, they won't need them any more.
>
> Just something to think about!
>
[email protected] wrote:
<snip>
But think of what the numbers will be by the time your
> great grandchildren are your age. They will likely get a fully paid college
> degree. In two more generations, each family member will be able to draw a
> stipend to live on. And so on, until your family has joined the ranks of the
> "Ruling Class"! At this point, nobody in your family will need to worry who
> has the jobs, they won't need them any more.
>
That's the point where I think you have really "hurt" the individual.
In my opinion (admittedly inherited from my dad), a person has to have
something to work for, a goal, a source of motivation (to do good work).
> Just something to think about!
>
[email protected] wrote:
> Like it or not, we all exist in this type of social system to some extent or
> another. I will reiterate that in my opinion, not everyone is right to be
> elevated to such a position of power that wealth brings. All you need do is
> look at any tabloid to see that. Far too many are thrust into wealth and
> power for which they are ill-equipped to handle. They typically suffer
> terribly as a result.
>
> I also do not believe that every individual inherits the capability to deal
> with the station they are born in to. Many family fortunes are squandered or
> lost as proof of this. Others have the care and responsibility wisely taken
> from them by their own families to prevent them from harming
> themselves/others/or the integrity of the estate.they have inherited.
>
> As for automatic inclusion in such a program . . . You need look no further
> than the Royals of England for an example of this in action. There are many
> of them who do quite well with their positions within the business life of
> the monarchy, and others who are better off with title and a stipend. At any
> rate, they are normally educated to participate within that social sphere.
> And then there are the Ferggy types who just can't adapt, regardless of
> education and training.
>
> Personally . . . I'm glad it was never thrust on me to be required to make
> such a decision. I'm sure it has it's blessings, but it also has to have
> it's own unique problems and limitations as well!
>
With all due respect, you seem undecided about the whole thing. Are you
asking, reflecting, or trying to explain? You seem more familiar than
usual with England, so I take it you have some English blood?
Like it or not, we all exist in this type of social system to some extent or
another. I will reiterate that in my opinion, not everyone is right to be
elevated to such a position of power that wealth brings. All you need do is
look at any tabloid to see that. Far too many are thrust into wealth and
power for which they are ill-equipped to handle. They typically suffer
terribly as a result.
I also do not believe that every individual inherits the capability to deal
with the station they are born in to. Many family fortunes are squandered or
lost as proof of this. Others have the care and responsibility wisely taken
from them by their own families to prevent them from harming
themselves/others/or the integrity of the estate.they have inherited.
As for automatic inclusion in such a program . . . You need look no further
than the Royals of England for an example of this in action. There are many
of them who do quite well with their positions within the business life of
the monarchy, and others who are better off with title and a stipend. At any
rate, they are normally educated to participate within that social sphere.
And then there are the Ferggy types who just can't adapt, regardless of
education and training.
Personally . . . I'm glad it was never thrust on me to be required to make
such a decision. I'm sure it has it's blessings, but it also has to have
it's own unique problems and limitations as well!
--
Offered in the spirit of friendship and respect :)