I don't think it will ever be the same again, but I wish they would at least stop the decline.
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After "trust the process" Mike Roman, we will now have " we should have cut more" Mike Vale !
What hope are you talking about ? Vale will be cutting even more people and resources and outdo his predecessor in that respect.
Unfortunately, I'm losing hope pretty quick. I'm now estimating the chance of parent 3M bankruptcy at 60%. (Before I had said 33%)
What has shifted me is the absolutely shocking lack of any type of coherent response from management post-pandemic. I'm fairly sure I could get a troop of well-trained monkeys that would be as effective as the current COC, the definitely couldn't do worse.
If the Board is serious about preventing it, they need to fire Roman yesterday and get someone actually qualified in to grow this firm. Vale isn't the guy, not even in the same league. Vale's comments about not firing people soon enough are more than sufficient to disqualify him from the CEO job already. (If the CEO was effective, the company would be growing faster than the economy, and hence adding staff, not cutting them.)
No - they have no idea what to do to fix it. There is very little investment in existing resources much less into growth opportunities. And all the manufacturing experience has either been fired or retired last December. Layoffs will continue as will the 3M yard sale
... in my career i've seen multitudes of powerpoint slides showing $$BB opportunity stories for 3M. Apparently it did work only for the story tellers (articulation ?) - NOT for 3M. In my opinion Leaders have 'ra--d' a good scientific 3M
Sadly, no.
Not a chance.
The company has Hope once tyre is deflated
Ask yourself this question: is it a local 50-100 ppl company or a conglomerate that belongs to one of the world's largest leading ... Just worry about yourself and your family, if the current structure doesnt survive it will be taken over by others