3M Layoffs

Topics regarding layoffs at 3M

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

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Post ID: @12rzpYwb

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.

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Post ID: @12m3oTDD

3M Methuen plant

Do you believe that there will be layoffs at Methuen plant

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Post ID: @12aUN3Vo

3M Layoffs 2020

This is a master thread about 3M Layoffs 2020? Any news or rumors?

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Post ID: @125vFrRV

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 

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Post ID: @11Hqbx1F

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

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Post ID: @11xEB6uI

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

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Post ID: @11gDlDRn

3M Alabama

3M halting some work in Alabama for environmental reasons....various news outlets

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Post ID: @11atXlyB

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 

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Post ID: @10rHdyhU

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 

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Post ID: @Z30U6nq

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 

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Post ID: @Z3IlUz9

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 

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Post ID: @YXiUgpG

Q1 2019 disaster

https://www.reuters.com/article/us-3m-results/3m-to-cut-2000-jobs-globally-lowers-2019-profit-outlook-idUSKCN1S11EI

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Post ID: @YLDx2EK

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 

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Post ID: @YL7hz9R

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 

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Post ID: @YrJNQaT

3M is strong

3M is a great co, but not in all departments

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Post ID: @VTSB3zz

3M Layoffs 2019

If there are 3M Layoffs in 2019 what departments and positions will be affected the most?

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Post ID: @VTAWCTZ

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 

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Post ID: @QRwrDBW

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 

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Post ID: @QIKCUPk

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 

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Post ID: @PMPsuhb

3M Layoffs 2018

Many folks are talking about job cuts, layoffs in St. Paul.

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Post ID: @PLAcGE4

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 

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Post ID: @OsvmcMv

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?

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Post ID: @Ornor3L

Renewable Energy Division

20 people are listed as unassigned - that's all what I can share as it regards to the issue...

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Post ID: @LwKec1C

3M Layoffs 2017

Is it really true that we may have some modest job cuts in St. Paul.

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Post ID: @KuhgecN

3M Austin

https://finance.yahoo.com/quote/MMM/community?p=MMM The word at the 3M center in Austin is that they are going to sell the existing center and build a smaller one to accommodate the smaller work force that now exists in Austin. What is the business... —  read more 

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Post ID: @JnGeq4K

New layoffs

Will be announced in due time , after q2 results are out. 3m has been shrinking in revenues for a while now partly because of foreign currency headwinds and also because of little to no organic growth. The only reason it has been able to beat EPS nos... —  read more 

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Post ID: @I2inmTi

Layoffs - R&D group in 3M Austin

The R&D group in 3M Austin has been decimated. All technical people involved have got layoff notices.However the incompetent management in charge still have secure jobs ! People with responsibilities whose incompetency led to such dramatic... —  read more 

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Post ID: @Hrtfq4D

3M Austin

The entire R&D group in 3M Austin has been decimated. All technical people involved have got layoff notices.However the incompetent management in charge of that group still have secure jobs ! People with responsibilities whose total incompetency led... —  read more 

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| 1874 views | |
Post ID: @Fos7rvc

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