Topics regarding layoffs at 3M

Topics regarding layoffs at 3M

Mike Vale's Townhall

What is your reaction to Mike Vale's townhall? I have to admit that he is refreshingly articulate, as compared to the typical messaging we hear from M&M. However, I don't work within SIBG, so don't have as good of an understanding of the details of... — read more 

What should Spinco name be?

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 

They don't care because it won't affect them

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 

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| 1371 views | | 2 replies (last February 7, 2023)
Post ID: @OP+1l4zTe9T

A3M

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.

What is this about?

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 

Spinco CEO announcement delay

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 board have got it under control

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 

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| 1234 views | | no replies yet
Post ID: @OP+1l3RpRgF

SAP is never going to reach expected level

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 

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| 1960 views | | 9 replies (last February 6, 2023)
Post ID: @OP+1l3l1sjz

Under pressure, BoD is finally taking action on Roman

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 

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| 2300 views | | 5 replies (last February 8, 2023)
Post ID: @OP+1l2AApgI

3M Board is 4th highest paid public company in MN

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 

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| 1370 views | | 4 replies (last February 6, 2023)
Post ID: @OP+1l2V9EYY

More corporate layoffs coming

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 

It used to be nice here

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?

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| 1530 views | | 3 replies (last February 6, 2023)
Post ID: @OP+1l0NArMT

This study may ruin the safety business

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.

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| 843 views | | no replies yet
Post ID: @OP+1l0PAUR9

A nightmare at 3M Center

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 

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| 2710 views | | 8 replies (last February 6, 2023)
Post ID: @OP+1l0Y5x2h

3M investor raises concerns about company leadership

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 

Worse than 2008?

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 

Bankruptcy strategy failed

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 

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| 1470 views | | 2 replies (last February 1, 2023)
Post ID: @OP+1kYRAFZC

Axe falling tomorrow?

Anyone hear anything about plant layoffs? Seems like tomorrow is the day for some places... Really stressing.

Any value brought to 3M

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?

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| 1700 views | | 9 replies (last February 1, 2023)
Post ID: @OP+1kXxWk82

3M returning to its roots

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?

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| 1040 views | | 2 replies (last January 31, 2023)
Post ID: @OP+1kX7Asul

Who cares about productivity these days

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 

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| 1650 views | | 5 replies (last February 9, 2023)
Post ID: @OP+1kXJlSVL

3M Healthcare Spin-off Moving Forward

“ 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 

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| 2500 views | | 8 replies (last February 1, 2023)
Post ID: @OP+1kXmUs9r

Your strategy for saving 3M

So, let's say someone gives you all the power and the corporate steering wheel - what would you do to save 3M?

Court Rules Against Bankruptcy as Liability Shieild

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.

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| 811 views | | no replies yet
Post ID: @OP+1kWJVjn1

Austin

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?

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| 1320 views | | 3 replies (last February 1, 2023)
Post ID: @OP+1kWqnXPn

What performance ranking system is 3M using these days

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 

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| 1890 views | | 5 replies (last January 30, 2023)
Post ID: @OP+1kV56txN

TTS needs to cut some SVPs!

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.

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| 2770 views | | 15 replies (last March 28, 2023)
Post ID: @OP+1kVskjiK

Morale at rock bottom

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?

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| 2560 views | | 13 replies (last February 2, 2023)
Post ID: @OP+1kVjT7Fo

I would be so embarrassed!

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.

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