The company's dividend payout could be under threat. Management appears to be growing profit margins again as it restructures the company. 3M's end markets could improve in 2024, but it could get worse before it gets better. One thing is... — read more
CBG Town Hall
Scheduled today for tomorrow. Any idea the announcement?
Solventum, What?
Solventum sounds like a hemorrhoid cream.
Some observations
This page tends to have about 20 regular posters. At least half are former 3Mers, the rest are primarily upset current 3Mers. Meaning of the regular posters on here only 10 current 3Mers (from 80,000ish). On average a post has around 2000 views... — read more
ESC town hall video - tone def
Anyone notice how SVP of chem ops could not even say thank you to her team without reading notes. Same with SVP of business supply chain, reading from a script. They Can’t even make a recording sincere, no wonder employee surveys results were so... — read more
TLO Su-ks
This site is BS, they are clearly controlling the narratives!
It's really disheartening to see 3M crumble
All that untapped potential going down the drain, people having to endure so many hardships, and the whole greed factor - it's unfathomable. It's not just about the financial downfall, but the toll it's taking on us as employees. Witnessing it... — read more
West Med layoffs announced today
More layoffs announced in today's Townhall in West Med. Around 50 positions impacted, starting in 2024 Q2.
Lot of whiners here
I agree that 3M isn't perfect. It might even be on the way down. But to read the threads here, it's nothing but people who have left the company years ago complaining about how mean their boss was. I'm certain that not every manager at Mother M is... — read more
Promotions and Pensions
How much of a bump in pay can be expected with a promotion? What %? What is typical for worker bees? I know I'm beating a dead horse here but is there any sign of life around a pension decision for RemainCo or Solventum??? Major life decisions... — read more
Retaliation
Has no end at 3M. Seems they're finding any excuse to cover up their sh-t and get rid of more people at plants. Ethical is laughable at this corrupt, disgusting company. I'd be ashamed to sleep at night.
How would you rate the performance of your direct manager?
I'm curious to see if there are any competent managers left at 3M. I'd give mine a 2 on a 1-10 scale.
Quarterly connection forum
Seems they just started the quarterly connection forum, claiming to bring employees together. Free food as well! Anyone think this will be sustainable to engage the employees, or it will die a natural death?
How about a RemainCo update? Nevermind SolventCo
Can someone from Kearny Consultants please explain what's happening with RemainCo? RemainCo execs. do care enough to say. Thanks in advance.
Solventum (SpinCo is finally named)
U.S. industrial conglomerate 3M said on Thursday its independent healthcare business would be called Solventum following its spinoff. 3M disclosed plans to spin off its healthcare business into a listed company last year, in which the U.S. industrial... — read more
Forbes Ranks Solventum #1 Most Admired Fortune 500 Employer
When will The Layoffs create a Solventum page?
Momentum does not mean nimble
Something with high momentum is usually the opposite of nimble. It's a total facepalm that they proudly drew that false equivalency (momentum = swift/nimble) in the first couple sentences of the press release. They should consider a PR strategy... — read more
As the ship starts to take on water
I was offered a job with SpinCo about two months ago. It would have been working for someone that I really detest. Having just emerged from a 2-year abusive boss relationship last May, it really felt far too soon to go into another one of these... — read more
New Name
How much time did they spend to come up with this ridiculous name, Solventum ? Honestly, if this is the best name they can come up with, I fear for their future. Probably millions of dollars down the drain for a d-mb name.
SpinCo updates?
Any updates on SpinCo timelines and activities? It seems like it should have a name registered by now, but not familiar with when it would be needed. I heard recently that there is something called silent recruitment happening, which I’ve never... — read more
Hiring freeze
Is there a hiring freeze at 3M? We've been begging for several positions to be filled for nearly a year with no luck. I can't believe it's taking that long to find adequate candidates. Our manager always has one excuse or another for why those... — read more
3M isn't the place to build a future
When the big solution to all the problems is just handing out pink slips, you can't help but see how clueless and desperate the leadership is. My tip for everyone is to dust off your resume and start exploring new job options. I've already got the... — read more
Avient Appoints 3M Ashish K. Khandpur as Chief Executive Officer
CLEVELAND, Nov. 13, 2023 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, today announced that its Board of Directors has unanimously voted to elect Dr. Ashish K. Khandpur as... — read more
Middle management
Middle management and layers were mentioned heavily leading up to cuts at corporate back around April/May/June. This sounded great, but seems like many cuts were to those on the front lines that knew stuff and did things, and there is still too... — read more
Consumer Business
Financials look horrid for consumer business. Holiday sell in off. Retail reporting earnings this week and don’t look good.
3M cuts
More cuts announced in EMEA this week, almost certainly a continuation of previously announced cuts. It is very emotional. Does anyone know when the announced cuts will be completed? Honestly thought we survived them, but maybe more still coming?... — read more
Changes under this CEO
How many COC executives have resigned to join other companies (not retired) since CEO took over in 2018? Shows lack of confidence?
No More Jet Updates
Just FYI, there will be no more jet updates. The site admins have erased my latest update and it looks like they erased all the others too. For your own tracking purposes. https://globe.adsbexchange.com/ The last three tail numbers are N73M... — read more
TEBG group president leaving
This ship is sinking
This ship is destined to sink
If 3M keeps going the way it's headed, it's basically going to shrink down to just a skeleton of its former self. We will come to a point where it can't even function properly and then it will collapse and drag down whoever is left along with it. If... — read more
US Department of Labor finds Wisconsin worker’s fatal 2023 injuries occurred on machine 3M Company identified as hazardous in 2022
https://www.osha.gov/news/newsreleases/national/11072023
How are things going?
How are things going without half of the MTE’s? Seems like laying off so many of them may have been a huge mistake!
Executive Committee (posting without names)
Now that I have lost my net worth - and daughter's tuition - we can all look back at the thousands of lab colleagues, business and supply chain friends who lost their jobs due to team performance - fired in 50s, bullied/pressured out, etc - but there... — read more
Interesting the Admin pulled my comment about Executive Committee and Austin leadership
Who's running the site?
3M’s Next Problem For Investors Could Be The Dividend.
Anyone have the full article of https://www.barrons.com/articles/3m-stock-dividend-safe-51662058756 Title is "3M’s Next Problem For Investors Could Be The Dividend."
Senior leadership movements
Looking at this month's announcements, looks like there are many executives hired from outside. Also, there seems to be many role expansions of the SVPs and VPs. Cost cutting measures?? Or these people can actually load on more??
More layoffs in US ESC today :’(
“Let the flogging continue until morale improves”
EPR is becoming a joke!
I launched a product this year and my score rank seems to be a "Meet". What is MR's EPR score?