Bronx baking company Old London is the latest company to move out of the borough, leaving behind a dwindling presence of manufacturing jobs in the area. NY1's Dean Meminger filed the following report.

It's well-known for its little snacks, especially Melba Toast, which can be found on many restaurant tables. But now, Old London is closing its plant along Eastchester Road in Morris Park, which means a loss of some 200 jobs.

"These are well paying jobs in the manufacturing area rather than the low paying service area, in that sense it is a very grievous loss," said Bronx historian Lloyd Ultan.

Some of the workers have been at the plant for more than 40 years. Their union, local 1102 of the retail wholesale and department store workers, says, on average, the employees who are mostly from the borough, made between $14 and $18 an hour and had free medical coverage from the union.

Ultan says jobs like that are going to be hard to come by now, especially for the older workers.

"The Bronx right now has the highest unemployment rate of the five boroughs in the city and higher than the country at large," Ultan said.

The plant is expected to close completely this summer as operations are moved to North Carolina. The news comes on the heals of Stella D'Oro closing up shop just last year. Its operations moved to Ohio and resulted in the loss of 150 jobs.

For many years, manufacturers have been leaving the area -- ones that once employed thousands including Bronx Borough President Ruben Diaz Junior.

"I worked at Farberware. We made utensils and pots and pans. We lost 800 jobs to Mexico and those were jobs that were not replaced," Diaz Junior said.

"Wonder Bread used to be made in the Bronx, Haagen Dazs started in the Bronx," Ultan said.

As more and more food and other manufacturing companies leave the Bronx, Diaz Junior says his office is pushing hard to get other businesses, possibly green ones, to come to the borough.

"Perhaps with green materials and sustainable products, like green roofs, solar panels, wind turbines, energy efficient boilers," Diaz Junior said.

In terms of the Old London location, the property owners are looking to attract a new company to an area that already has new medical and office buildings.

The city is also planning to put a backup 911 call center in the area.