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
Topics regarding layoffs at 3M
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.
Do you believe that there will be layoffs at Methuen plant
This is a master thread about 3M Layoffs 2020? Any news or rumors?
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
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
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
3M halting some work in Alabama for environmental reasons....various news outlets
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
Any new announcements next week ?
Is 3M the next GE https://finance.yahoo.com/m/9a7a4899-88b3-3206-a054-bd26c04f1472/is-3m-the-next-general.html — read more
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
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
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
https://www.fool.com/investing/2019/05/03/3m-applies-a-band-aid-after-a-difficult-first-quar.aspx The timing of the deal is eye-catching for several different reasons. Not only did it come just days after 3M's earnings release, but it also follows... — read more
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
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
Chemicals cleanup lawsuit https://www.politico.com/story/2018/11/23/political-chemicals-cleanup-3m-1012445 — read more
3M is a great co, but not in all departments
If there are 3M Layoffs in 2019 what departments and positions will be affected the most?
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
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
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
Many folks are talking about job cuts, layoffs in St. Paul.
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
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?
20 people are listed as unassigned - that's all what I can share as it regards to the issue...
Is it really true that we may have some modest job cuts in St. Paul.
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
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
Post all updates about ongoing layoffs in this thread
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
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