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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Topics regarding layoffs at 3M
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
What is the likelihood of 3M layoffs in St. Paul in 2016? Please let me know if you have any information.
My two cents here, I've moved on but randomly find this site dealing with 3M layoffs in Austin - I have some experience here. I was for the group that was a new acquisition and it was pretty bad, stressful, very political and The random rolling... read more
There are many rumors that they will hit the IT group again and that there will be layoffs later this year - any truth in this