May 28 (Reuters) - Campbell Soup ( CPB ) on Tuesday said

it plans to reduce the size of its Jeffersonville, Indiana site

and close Tualatin, Oregon site, leading to 415 job cuts.

It added these changes are part of its ongoing efforts to

strengthen growth, improve return on invested capital and boost

manufacturing and distribution network.

The Goldfish crackers owner said it will close the Oregon

facility in phases and expects to stop its operations by July

2026, with the first phase in August this year to impact 120 of

its 330 employees.

The company said the Indiana plant will specialize in the

Late July brand of tortilla chips and the production of kettle

potato chips will be moved to its Charlotte plant in North

Carolina and Hanover plant in Pennsylvania, which would lead to

about 85 of 230 employees losing jobs after the change comes

into effect in July this year.

Campbell also said it is making capital investments of about

$230 million through fiscal 2026 at newer, more adaptable and

efficient facilities in its network, which is expected to create

210 new jobs across the company.

Last year in July, the company announced plans to expand

production of Goldfish crackers at its Richmond, Utah plant that

is expected to be operational by the end of 2024.

Shares of the company, which had about 14,500 employees as

of July 30 last year, were down about 2% in the morning trade.