JM Smucker to cut $100 Million and eliminate American Jobs to protect Shareholder profits

UPDATE 1-JM Smucker beats profit estimates as cost cuts help

June 8 (Reuters) – Folgers coffee maker J.M. Smucker Co reported a better-than-expected quarterly profit on Thursday, helped by cost-cutting, and said it would slash $100 million more in annual costs.

Smucker has resorted to cost cuts…

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