California FAIL: Campbell's, Comcast flee high cost of business

With California voters threatening to impose even higher taxes this November, more companies are calling it quits:

The Campbell Soup plant in Sacramento is closing as of July 2013 as the company says it is taking steps to “improve supply chain productivity,” according to a company release.

Employees were told of the closure during a 6 a.m. meeting Thursday at the plant.

“We employ about 700 people at the Sacramento plant and unfortunately those jobs will be eliminated,” said Campbell Soup Company spokesperson Anthony Sanzio. “This is a tough day for the company, for the employees. No one likes to do this.”

The company says the Sacramento plant, built in 1947, is the oldest in its network and has the highest production costs on a per-case basis.

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The announcement comes just two days after Comcast announced it will close all three of its call centers in Northern California, including one is Sacramento, because of the high cost of doing business in the Golden State.