Aren’t there a lot of R&D rooftops ous ? Good rationalization oppty once wwok is shut
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So you can be happy that 3M is exiting even more countries with this restructuring. Just as it happend 4 years ago. Last time didn't led to 'Growth’. This time they at least don't pretend anymore to exit project/markets/countries to achieve growth.
That used to be the case (1 technical manager per business group or division in larger subs), but after A3M, all of it was slashed down to 1 TS manager in the area, with multiple TS staff reporting to someone in a different country. To cut this final layer of OUS R&D management means all the TS globally will end up reporting to the single TS leader in St Paul. I guess they would then hold the record for the largest number of direct reports in the company.
There is huge cost and excessive mgmt in the outside usa r &d which has essentially produced zero value.
Not many pure R&D rooftops outside the USA. And where there are, they double as customer hosting locations. Not much opportunity if we focus just on R&D. General office space is lower hanging fruit.
There are a lot fewer R&D rooftops than you might imagine.
Most R&D outside of US and Germany is mostly technical service and product engineering staff having a small part of either a factory or marketing building. Even Neuss shares its R&D 'rooftop' with all the other 3M business functions.
Is it possible these hare-brained executives cuts R&D further, absolutely. Will it really cut 'rooftops', not unless the other functions leave those sites too.