What was it?
18 replies (most recent on top)
If 3M does pare down and/or eliminate pensions, it's a sign of permanent change. Not necessarily for the worst because in today's market, I don't know of other businesses that offer pensions anymore. What matters is enjoying your position and getting compensated/promoted for the work you do. Having a healthy career path and making something of yourself. And great management....if you don't have that, and right now we don't at 3M, it's time to look elsewhere. 3M once was a very good company to work at. But it's just not there anymore and will not revert back. It's just sad. Good luck.
I get raises all of the time.
A raise in grocery store prices.
A raise in property taxes.
A raise in insurance premiums.
A raise in prescription prices.
A raise in energy (electricity).
Yup… lots going out with piddly 2% compensation increase.
They gave me bad raises for years and the other guy nice raises. Two good engineers quit our site because the plant manager played favorites. One is at corporate and found well. I left for another company for a50% raise and better working conditions. I remember our director freaked out when I left lol
The last time I got a raise that wasn't totally insulting is when I left 3M.
Post from TheLayoff.com
Yes, it has been known for quite a few years. 2028 is the cutoff date. If you were hired after 2009, then people were not enrolled in the pension program.
Are they seriously thinking about parring down/eliminating pensions? I know most companies today don't offer pensions, but I hadn't heard yet from my manager that it's a possibility at 3M.
April 1
Raise , they’re taking things away. Ask all the level 15 people who no longer get options. Bet they’re working hard now. Always a smart move for morale
"Hefty" isn't the correct word to refer to a flat 2.7% COLA bump that completely ignores all of the extra effort people have been putting forth to keep the wheels on the bus while leadership is trying to torch the thing.
I got a hefty raise last month. Didn’t you?
The reality is that if you lose 50% of your money, it takes 100% more to get it back.
Raise? What's that?
My last “raise” was 2% on April 1, 2023 (cost of living adjustment). According to my manager, I was supposed to be promoted to T5 in June 2023, but my manager’s boss (the director) signed my layoff paperwork instead of the promotional paperwork.
Nothing in 2019, 2021, and 2023 ...just the average 2.7% for this past year ...during that same time period I was also informed (along with everyone else in the plan) that my over 28 years years of service no longer guaranteed my pension.
2024, nothing in 2025
Not everyone gets the annual cost of living increase. Just ask some of the folks in Hutchinson.
Apart from the annual Cost of Living Adjustment that we all get?
The only way to get a raise at 3M is to get a new job.
April 1 - 2.7%