March 24/Orrville, Ohio/Associated Press Financial Wire -- The J.M. Smucker Co. says it will close four plants and cut 700 jobs, about 15% of its workforce, and modernize other plants to cut costs.

The maker of Smucker's jam and Folgers coffee said it will close its fruit-spread plants in Memphis, Tenn., and Ste. Marie, Quebec, and its coffee plants in Sherman, Texas, and Kansas City, Mo.