I was expecting them to announce 3M Healthcare as the new name. But now I’m not so sure. Perhaps the 3M brand is becoming toxic (excuse the pun) with the PFAS and Aereo lawsuits. Maybe they should have a whole new name? Or maybe they will be... — read more
Perfect for MBA case study
Mike is just collecting a fat paycheck as long as he can. He knows it's only a matter of time until they give him a golden parachute. He and the rest of his cronies are just milking mother mining until they are asked to leave. This here is the sad... — read more
Can someone give a summary of the changes that were made with A3M, and what hasn't worked? I left right before it was announced and am very curious to hear people's thoughts.
This site has turned into a nasty place for people who think they are smarter than Roman and others. Was useful when it was about layoffs and what people were experiencing. I find the nastiness on this site to be cruel and offensive. Between the... — read more
1 million hits immediately
Last I saw there were three leadership development opportunities at 3M recognized. They were: International Assignment BT LSS BB/MBB International assignments are very few. LSS is dead and BT is close behind. Are there any recognized... — read more
Originally was to be announced in January, now its been delayed. The lawsuit looking at preventing the Spin Off was unsuccessful, so why is there a delay? Has someone pulled out? I don't understand why they would have committed to a date, and gone... — read more
The hall of Shame has to start with Ernie
To anyone who has been laid off or knows, what are the specs on the severance package?
the board have it under control, getting rid of most of the manufacturing sites will be something looked at, as long as you have your MBA you will be fine, the spinco is the successful way the company will go, parentco will be sort out the earplugs... — read more
SAP software is mean't to be a comprehensive enterprise resource planning (ERP) solution now adopted by MM across various industries. Its features and capabilities make it an effective tool for managing key business processes, such as finance, supply... — read more
It soundds like the board is talking to some major customers and recently 'retired' executives independently to try to figure out what is going on re. Roman/Patolawla shareholder value and customer destroying gameplan and actions. They have been... — read more
I found this article interesting. 3M is paying their board of directors the 4th highest in MN public companies at $3.72 million a year. You would think they would have done a better job, but then again the board is picked by the people at the top... — read more
Leadership claimed layoffs would be specific in manufacturing, but corporate jobs continue to be eliminated with rumors of even more coming mid February. Tireman and Roman continue the only thing they know, eliminate people to save their bottom line... — read more
Everyone here has been working under enormous pressure for a very long time. Constant layoffs have made this a very toxic workplace. When was the last time you felt like you actually enjoyed working here?
https://www.dailymail.co.uk/health/article-11702641/Unattractive-people-likely-continue-wearing-Covid-face-masks-study-suggests.html Cheer up people and be in charge of your lives! Do not be a corporate sheeple.
I spent 22 years at 3M before being laid off a few months ago. The company is a mess and morale is in the gutter. 3M was a great place to work with innovative products, experienced workforce and opportunity to grow. There’s nothing new and exciting... — read more
And so it begins... Flossbach von Storch, eighth-largest 3M shareholder, cites declining shareholder value One of 3M Co.’s MMM, +3.82% largest investors has raised concerns about Chief Executive Mike Roman‘s leadership and questioned whether a... — read more
How will this legislation impact who gets lay off or not?
I don't know if there are still many people here who survived layoffs in 2008. I came to this company a little later so I don't know what the layoffs looked like that year, but I see that there are those who say that these layoffs are even worse... — read more
When deciding on whether to accept a new job offer you need to have a checklist. Make sure you get all your questions asked before accepting a job offer and don’t be shy about it. Is the company stable with a good reputation? What is the... — read more
With the ruling against J&J, 3M will find itself in the same situation, and will be denied the ability to try to avoid paying the veterans. With weak profit outlook, bankruptcy failed, and healthcare spin in the ditch, who will be the fall guy?... — read more
Anyone hear anything about plant layoffs? Seems like tomorrow is the day for some places... Really stressing.
George Buckley once said no consultants, what am I paying 3M employees for if we need to use consultants. Tireman, what value do you bring if all you do is use consultants?
I've seen several people mention the company's return to its roots as a prerequisite for its recovery. However, is that even possible, considering how far this place is from its roots today?
Some are in 'vacation mode' because they hope that they will be laid off, and some are so worried about whether they will be laid off that they do not manage to do even the bare minimum. I believe productivity in general has never been lower than... — read more
“ In a separate ruling, Rodgers on jurisdictional grounds dismissed a lawsuit by two veterans seeking to block 3M's planned spinoff of its healthcare business, which they called an illegal attempt to avoid compensating veterans”... — read more
So, let's say someone gives you all the power and the corporate steering wheel - what would you do to save 3M?
Looks like precedent may be getting set as ruling goes against another company trying to use bankruptcy as a shield in talcum powder case 3M is using same strategy.
The JNJ loss in the 3rd circuit ki-ls 3Ms last chance to avoid chapter 11. Smart investors and retirees should: Sell all shares even those in GESPP. Eat the losses for the tax year. Going to zero in 3 years. If you can, start your pension... — read more
To get to the other slide!! We see u segment marketing, with your snake oil!!
Does 3M still have a presence in Austin? I know they sold the old campus and Austin plant and were moving to a new leased spot at the Domain before Covid. They also sold CMD and I know EEBG merged with another BG. Anybody left at the Austin center?
Been away for a little while. What performance ranking system is the company using these days. Is it the dreaded GE 5 (best) to 1 (worst) with forced percentages for each segment. Or is it something kinder and gentler? As a retired leader, did I... — read more
3M IT ran for 100 years with only one SVP, now there are many. Given 3M needs to cut costs, why not eliminate the excessive SVPs? It’s actually crazy that Mark and Monish can justify this.
The morale for the EO manufacturing team is at rock bottom now. Everyone is worried about whether they are part of the 2,500 to be laid off. How are the leaders going to motivate their employees to improve and contribute to growth?
If I were in the leadership of a company, I would be embarrassed because I would consider it my personal failure that a large number of people here wants to be laid off despite the fact that landing a decent job now will not be easy.
Plants need to cut costs so we're being told not to bring in volume. With the conflicting metrics and communication from exec leadership, the end message is we don't value sales and we don't want more sales.
Are we keeping the corporate strategy group of MBAs? All the folks on the line, in the field, in the lab, etc, have to lose their job but all the coddled mba graduates that have accomplished nothing get to stay on qnd get their butts pampered so they... — read more