Pick a date when it goes below $100.
United Kingdom cuts numbers
looks like 45 and 90 day consultations will be announced in the coming weeks, finalizing numbers and which plants are doing poorly, Looking at the numbers from all UK plants , something does not look right , they are all underperforming badly, sign... — read more
3M Moving Away From Fleet Vehicles
Looks like in another cost cutting move, 3M has made a global decision to take away fleet vehicles from individuals who do not meet a certain mileage criteria. What’s next, more layoffs in April?
Why are we hiring consultant after consultant while we are doing massive layoffs?
Are they worth it?????
Are we winning? Is Monish the CFO a winner?
If you invest 10,000 in GE the day he leave, you have 19,000 today. If you invest 10,000 in 3M the day he come here, you have only 6700 left over. Is this winning play books working?
GM offers buyouts to ‘majority’ of U.S. salaried workers
Why doesn't 3M do this instead of cutting a bunch of jobs? Rumors of restructuring planning going on right now for 3M parent... — read more
Menomenie
They sent employees from menomenie to rw plant for a few months.
Entire MDM department was laid off today in GSC Poland
Entire MDM department was laid off today in GSC Poland
just waiting for the word that I am not needed
been with 3M for 14 years and it looks like the end is in sight, i have enjoyed my time and am thankful for meeting life long friends. it is truly a shame that the management at the very top have been poor and multiple decisions have been shocking , — read more
Skilled workers matter...right??
Does anyone else find it incredibly ironic and insulting that the organization put a ton of money behind a documentary about the critical importance of skilled workers and the week it premiered at Sundance Film Festival they announced they were... — read more
Severance Pay
Is it down to individual discretion regarding how much severance pay you get? I’ve seen comments where some have received 1.5 weeks pay for every year they’ve been at 3M (up to 20 years) whilst others 3-4 weeks ….. Surely there’s a policy to follow ... — read more
Lump sum?
I'm considering quitting, or getting laid off, or fired,at some point this year. I can tell something is up and my boss is not being transparent. I'm in my early 40s and do have the Pension part 2 I believe. I see a lot of people saying to take... — read more
Department of Defense Data Reveals No Hearing Loss Among Vast Majority of Plaintiffs in Combat Arms Earplug Litigation
https://investors.3m.com/news/news-details/2023/Department-of-Defense-Data-Reveals-No-Hearing-Loss-Among-Vast-Majority-of-Plaintiffs-in-Combat-Arms-Earplug-Litigation/default.aspx
Why isn’t the SAP program shut down?
A huge failure….why is it still going?
Is it normal that only Mike and Monish can make decisions?
Are other US organisations like this???
Cost of living increases effective in 2023?
Any word if the standard 2% cost of living has been confirmed?
LOUD🤡RETIREMENT
Now is the time!
It's simple
The situation in which the company is right now is 100% self-inflicted. This is not the fault of the economy, pandemic, or whatever other convenient reason is available at the moment. What happened are indiscriminate layoffs. Many layoffs and the... — read more
Voluntary Retirement Incentive Question
As plant layoffs start to pick up more speed, and St. Paul based groups are next on the list, it seems like an inordinate number of >55yr old employees are wishing to be on "the list". Yet inexplicably, 3M does not seem to be pursuing this route at... — read more
Cordova layoff
Cordova layoff 40 hourly. With more salary next week
The layoffs are never-ending
The layoffs are never-ending. There really is no beginning and end. It’s part of the M&M playbook in good times and bad. Probably 8 -10K in announced cuts since 2019. Can’t figure out a structure or how to grow, so cut the way to prosperity. This... — read more
Cottage Grove Salaried Layoff
20-30 Salaried folks at CG are being laid off today
This is what the board should be most concerned about:
The culture at 3M has evolved to the point where employees can no longer tell the truth or confront reality without fear of retribution. Any point of view that does not conform with high level messaging is discounted and ignored and the messenger is... — read more
There are no true leaders at 3M
Hah, the day the Executives take any responsibility or pay cuts at 3M is the day that hades freezes over. WE are all just surfs and peons, we always take the cuts, never any cuts in upper management or COC. They will waste more money on consultants... — read more
The industrial giant's disappointing performance continues into 2023
Not a good sign. All the reconstructions don't help at all
3M Capital Allocation/Investment, and a Recommendation
I recommend that everyone read the linked article at the bottom of my rant. In the last several years, I have seen many good projects be turned down because the CapEx budget wouldn't allow it, yet we as a company have continued to spend billions... — read more
For Everyone Wanting to Give Roman a Pass
Take a quick listen to a former investor on why he exited his 3M investment in 2019. Commentary starts at 10:43 & lasts about 2 minutes (link should go to 10:43 mark). https://youtu.be/PZy9-4Z_4i8?t=643 Systemic problems with 3M are absolutely... — read more
3M stock posts lowest close in nearly 10 years, down nearly 5% this week
Another article questioning the so-called leadership
Are you working for the right organization?
From the Harvard Business Review: Are you working for the right organization? Make sure you don’t passively ride downhill with an organization in trouble. Here are seven signs that should concern you: A merger, acquisition, or change of control... — read more
https://www.hrotoday.com/2022-hro-todays-hr100-the-complete-list/
I mean really https://www.hrotoday.com/2022-hro-todays-hr100-the-complete-list/
Layoffs are no longer a bad thing
I don't know many people who would be too disappointed if they were to be laid off with severance. Most of us are done with 3M and want to leave. Most of us wouldn't mind being paid for it. I can't see the downside to it. They have abused us long... — read more
It’s all about quarter to quarter, stock price, and self preservation for the CEO
Yes, they do it on their own timing with every layoff. In 2019, they announced 2,000 in April and notified employee at the center in July, a full three months after the announcement and just days before the next earnings call so MR could say we have... — read more
Difference between 3M CEO and a weatherman?
We joked that weatherman was the only job that you could be wrong so often and cost people time and money and still keep your job. We now get to add CEO of a Dow 30 company to that list.
More layoffs to come!
Get ready for more layoffs and reductions throughout the year as they try to achieve the 3 to 1 ratio business model. I don’t know how 3M will survive.
Failure to grow - A Varys indictment
3M's Corporate Operating Committee (COC) cannot grow the company and it is entirely their own fault. I charge them collectively and individually with incompetence and malfeasance. The executive excuses are not valid and should be ignored wholesale... — read more
Is that just my impression
or does the leadership here not know how to grow this company?
Manager Blackout
still waiting for details on how 3M Decatur will be affected by lay off. Stay classy 3M, why make a big announcement then have your employees guess as to what might be their fate for 2 months?