Wednesday, June 29, 2011

After Receiving $41.1M Tax Subsidy For Economic Development And Job Creation Campbell's Soup Co. Announces Layoffs

Nothing like wasting tax payer money on corporate welfare when the money could have been used for other more important things like education, health care, property tax relief, infrastructure....

Once again Governor you definitely have your priorities straight!.

Campbell's Soup Co. Announces Layoffs: MyFoxPHILLY.com


CAMDEN, N.J. - Campbell's Soup Co. plans to lay off about 770 people worldwide, Including about 130 people at its Camden headquarters, in an effort to reduce overhead and improve efficiency.

The reductions will be phased in over the next two years and will result in a savings of about $75 million dollars.

The cuts include about 10 percent of the company's workforce in Camden, its longtime headquarters.

Fox 29's Steve Keeley has more in this Wednesday morning live report from "Good Day."

3 comments:

Anonymous said...

Even David Stockton isn't pushing that trickle down bull anymore. Corporate america only detests government handouts for the poor and middle class. 10 years of tax breaks for the rich and this is what we have to show for it.

Veritas said...

And higher taxes will attract businesses to come to New Jersey and create jobs?

Arizona bound said...

When is the last time the people of Camden elected a Republican?

Camden has one of the highest crime rates in America. It also has one of the worst public school systems in America. Why don't the politicians in Camden support those law-abiding, properly-trained residents of Camden that want to be able to legally carry concealed weapons after obtaining a license to do just that -- something the residents of neighboring Philadelphia can do as a matter of law.


Camden is a liberal swamp. (So is New Jersey.) It will never be safe. Camden is a victim of both its residents and their horrible judgment when it comes to whom they elect (e.g., liberal, gun-grabbing, Democrats).

Good riddance, Camden. Good riddance, New Jersey. Hello, Arizona!!