So what does 3M mean. The common joke inside the company is it means MMM = meetings, meetings and more meetings. These days it might mean 3M = More money missing ( for shareholders and employees that is) Massively mismanaged by... — read more
1500 to be let go 3M
https://www.cnn.com/2020/01/28/investing/3m-layoffs-earnings/index.html
More retrenchments - 1,500 announced in Jan 2020 (in addition to 2,000 laid off last year)
looks like downsizing from 5 business groups to 4 business groups is not enough. need to retrench more employees soon.
How many people work at 3M?
What's the cumulative employee count for the entire company? How many, out of that number work at St. Paul?
Forever chemicals ( PFAS) liability
What would be the total liability for 3M. Looks like a tsunami of lawsuits and litigations are coming up soon. And this company has stalled as far as organic growth is concerned... — read more
Methuen Divestment
3M Methuen Divestment 2020 900 people will leave in 2020 as part of this divestment
Selling assets
3M to Plan $1 Billion Sale of D–g Delivery Systems Unit https://www.bloomberg.com/news/articles/2019-12-06/3m-is-said-to-plan-1-billion-sale-of-d–g-delivery-systems-unit?srnd=markets-vp
Messy organization announcements
So many changes to the company structures. They claim it will advance the company. You really think so? Look at the direction of share price it’s heading.
3M Methuen plant
Do you believe that there will be layoffs at Methuen plant
3M Layoffs 2020
This is a master thread about 3M Layoffs 2020? Any news or rumors?
Current state of innovation in 3M
When was the last time 3M did worse than the macro economic environment? When was the last time this company made a significant game changing innovative product? More cost cutting, share buybacks, and expensive acquisitions will help only so... — read more
Acelity acquisition
Now that 3M has acquired Acelity will there be further layoffs and redundancies. After all standard corporate * strategies * call for layoffs after any merger or acquisition
GE to freeze pensions
Developing
Q3 2019
How is Q3 shaping up? The bar is already pretty low with dismal earnings reported in Q3, 2018 ( 3M paid a hefty 850 million settlement to the state of MN for PFAS related chemical contamination). Any insights
3M Alabama
3M halting some work in Alabama for environmental reasons....various news outlets
Leadership
From yahoo finance message board : What kind of mess is 3M in now with their legacy leadership? The last guy did nothing to grow the company and this guy doesn’t seem like he knows what to do either. They just keep managing it as they have which... — read more
Q2 results next week
Any new announcements next week ?
Is 3M the next GE...some food for thought
Is 3M the next GE https://finance.yahoo.com/m/9a7a4899-88b3-3206-a054-bd26c04f1472/is-3m-the-next-general.html
3M is not that bad
People wanting to leave should really think twice about it. There aren't many companies out there that are much better than 3M. It might seem so from the outside, but check out other companies on this forum - on the inside everybody has the same... — read more
Hire to retire— lazy and arrogant culture
If you are a 3M employee, your payroll system actually has a title “Hire to Retire”. It says all about it’s culture. 3M hires smart people, then make them obsolete. It took them eight years to implement SAP, and it still is not done. Most 3M IT folks... — read more
How much longer do we have to wait?
For how long does 3M plan to torture us before they finally decide to let us know which 2,000 people will be affected by the previously announced layoffs? It's really cruel to announce something like that, give the number of people being affected and... — read more
3M Applies Band-Aid to Business With Its Biggest Deal Ever, Buying Wound Care Specialist Acelity
https://www.fool.com/investing/2019/05/03/3m-applies-a-band-aid-after-a-difficult-first-quar.aspx The timing of the deal is eye-catching for several different reasons. Not only did it come just days after 3M's earnings release, but it also follows... — read more
Q1 2019 disaster
https://www.reuters.com/article/us-3m-results/3m-to-cut-2000-jobs-globally-lowers-2019-profit-outlook-idUSKCN1S11EI
Major layoffs about to hit 3M
Major Q1 miss equals major layoffs - 2,000 people to be precise. Of course it's always employees who pay for the mistakes of management. I really hope these layoffs happen sooner rather than later. The following weeks and months are going to be... — read more
Next move
Any people re orgs after the recent business group reorg from 5 to 4 groups. When will the company return to growth again....this company will be badly hit when next recession hits since there will be no more levers to turn. Cost cutting is already... — read more
Potential lawsuits for chemicals cleanup
Chemicals cleanup lawsuit https://www.politico.com/story/2018/11/23/political-chemicals-cleanup-3m-1012445
3M is strong
3M is a great co, but not in all departments
3M Layoffs 2019
If there are 3M Layoffs in 2019 what departments and positions will be affected the most?
A CLASS ACTION lawsuit against 3M, DuPont, and Chemours was filed this week
https://theintercept.com/2018/10/06/dupont-pfas-chemicals-lawsuit/
3M lawsuit ($850 million). What are the repercussions
https://theintercept.com/2018/02/23/3m-lawsuit-pfcs-pollution/
More info on layoffs
Closings in Mexico and LEGO way Enfield Ct are also happening. Ct refrigeration filters were sent to Mexico a few years ago. Now 3M is discontinuing the entire product offering. Ct layoffs included 5 employees Friday. With the balance of employees... — read more
Layoffs at 3M have started, 430 expected to be affected
They are shutting down the whole Eagan plant, layoffs have already begun. Bumping from an older thread for info. It's been confirmed, the plant will be closed sometime next year. Over 150 people will be laid off from the plant, and that seems to be... — read more
We might be looking at major layoffs
When they acquired Capital Safety, they got 1500 new employees; before the end of the year they laid off 1500 old employees. So, revenue net gain, employees net neutral = productivity gain! Curious to know what senior bonuses are tied to... — read more
3M Layoffs 2018
Many folks are talking about job cuts, layoffs in St. Paul.
Layoffs after the acquisition
I've been through acquisitions. Typically, the layoffs happen after the acquisition. The new owner storms in and starts to make changes. Those 40 openings, I assume, are currently happening under Johnson Controls. What makes a number of us nervous is... — read more
Scott Safety Acquisition
Any buzz at 3M about the Scott Safety acquisition from Johnson Controls? Will they keep the Scott Safety personnel or lay off most of them?
Renewable Energy Division
20 people are listed as unassigned - that's all what I can share as it regards to the issue...
3M Layoffs 2017
Is it really true that we may have some modest job cuts in St. Paul.