After spending so much money with consultant the 3M Execution model has been officially put to death. What a waste of resources !!
Share price back to $130
Looks like the tides are turning back? $150 anyone?
Veterans Day 2022
You are very much honored and very much appreciated for all that you have done. Thank you for your courage and for putting your country first. Thank you for protecting our country, for your bravery, and for all that you do to make this country safe... — read more
3M MN PFAS Settlement - say it is not so..,
I heard on the news the local news the other night that even though 3M “settled” with 3M, there is a clause or something saying that they can go back to 3M if the clean up cost exceed the $850 million settlements. Is this true? So 3M in essence has... — read more
‘Decades-long campaign of deception’: California AG Rob Bonta sues 3M, Dupont over toxic chemical exposure
https://www.msn.com/en-us/weather/topstories/decades-long-campaign-of-deception-california-ag-rob-bonta-sues-3m-dupont-over-toxic-chemical-exposure/ar-AA13YSCd
Law firm Kirkland cleared to represent bankrupt 3M earplug subsidiary
https://www.reuters.com/legal/litigation/law-firm-kirkland-cleared-represent-bankrupt-3m-earplug-subsidiary-2022-11-10/
California Sues 3M and DuPont Over PFAS Chemicals
Another lawsuit. Not surprising. https://www.wsj.com/articles/california-sues-3m-and-dupont-over-pfas-chemicals-11668113297
Just a quick rant!
I joined 3M in 2014 as a business analyst. I was a happy new employee, eager to do different things. Above all I wanted to learn. All worked fine first. After some time I realized that the management does not care about new employees, they... — read more
3M amplify
Have you heard about the new program?
GE Employees are destroying 3M
The board and management use all the flashy activities to show a) they are doing something GE Ex-imports, Consultants and A3M and acquisitions, layoffs , Org realignments, rule by constant fear And then when nothing works use all the crutches... — read more
Facebook axed 11K employees yesterday, each got a minimum 6 month severance.
Now, that's what I call employee-centric.
APAC layoffs have just started this week (Nov 7-11)
The APAC layoffs have just started this week. Department heads have been instructed to give names. Plants are not spared for this round.
3M opens new regional headquarters in Dubai
https://www.zawya.com/en/business/technology-and-telecom/3m-opens-new-regional-headquarters-in-dubai-c2edvb1d 💰💸💵💶💷💴
Did Roman Say This About Layoffs?
Did Roman say this or anything like it when the massive and fifth consecutive year of layoffs were announced? The following is a statement from Mark Zuckerberg, who gets a lot of criticism and some of it is deserved. Nevertheless, he stood up and did... — read more
3M's #35 best employers in the word (per FORBES)
https://www.forbes.com/lists/worlds-best-employers/
3M Board Declares Quarterly Dividend
To all those folks who were layed off, fired, forced out, etc., the board thanks you for sacrificing your job so we had the money to pay our rich shareholders. Nov. 8, 2022 The 3M Board of Directors declared a dividend on the company's common... — read more
What are 3M CI projects
Wonder if the employees still follow the DMAIC methodology when it comes to problem solving? Or throw it out of the window?
liars , production employees cannot pick what shifts they work
they are saying production employees, lol in Brazil can pick and choose their shifts, what a load of baloney, and then have the cheek to say that this makes Mother Mining a great attraction for bringing talented employees to work, what a load of... — read more
Pay them what they're worth
No executive bonuses if the main reason they make their numbers is by eliminating positions. Evaluate them based on what they actually did vs cutting cost. Anybody can run the numbers and balance a check book. Leadership should get bonuses based... — read more
Quiet Firing
Have you experienced 'quiet firing', which is when a manager subtly encourages a worker to quit or neglects them through lack of feedback, resources, or support?
Salesforce.com Has Destroyed 3M Sales Productivity and Effectiveness - change my mind
As 3M managers are forced to gets more internally focused, they are losing touch with our markets and customers. Somehow they feel taking 30-40% of a sales reps working time away from actual selling in order to fill out SF.com with questionable... — read more
Why do we get only 45 days notice for layoff? Isn't the law 60 days notice?
From Department of Labor website "The Worker Adjustment and Retraining Notification Act (WARN) protects workers, their families, and communities by requiring employers with 100 or more employees (generally not counting those who have worked less than... — read more
Where are the latest layoffs?
I’ve heard/seen lots of corporate LSS… it’s frightening how many lately. 100? Something like that
EPA orders Cordova 3M to sample, treat contaminated local drinking water
The U.S. Environmental Protection Agency has ordered 3M Company to sample local drinking water and provide treatment for chemical contamination around its Cordova, IL, facility. 3M has agreed to comply. According to the EPA, at least 19 different... — read more
Despite a Nearly 5% Dividend Yield, Investors Should Still Be Cautious About 3M Stock
Investors just got another lackluster earnings report from industrial conglomerate 3M (MMM 0.77%). While the stock has undoubtedly sold off in recent years due to its growing legal risks, the company has also disappointed investors with its... — read more
3M and U.S. Environmental Protection Agency Announce Comprehensive Agreement for Cordova Region Drinking Water
3M and the U.S. Environmental Protection Agency (EPA) have agreed on plans to address per- and polyfluoroalkyl substances (PFAS) in the Cordova region. Through the agreement, 3M will build on its work to address past PFAS manufacturing in the area... — read more
3M to attend COP27 with a focus on urgency, collaboration, progress through science and action via solutions
3M is joining other global corporations, governments and non-governmental organizations at the 27th Conference of the Parties (COP27) in Sharm El Sheikh, Egypt to further the dialogue and plans for combating climate change. As a globally diverse... — read more
3M Peter Gibbons - Not as cool as Office Space Peter Gibbons
Today he is “excited” to announce 3M Continuous Improvement. Aka, let’s lay off a bunch more people, I’m sure everyone is as excited as him. Disingenuous and tone deaf. Sounds like the next failed executive initiative to me, Advance 3M 2.0. I wish I... — read more
Anyone inspired by CEO Q3 earnings huddle?
When asked why the share price have halved, MR didn't even bother to address the question himself !!
3M Insider Trades Send a Signal
Rodriguez Beatriz Karina Chavez, SVP & Chief Strategy Officer at 3M reported a large insider sell on October 31, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that... — read more
3M EVP & Chief Legal Officer Trades Company's Stock
Kevin H Rhodes, EVP & Chief Legal Officer at 3M reported a large insider sell on October 31, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Rhodes sold 5,703... — read more
Independent union wins bargaining rights at 3M in central Mexico
Independent Mexican union La Liga has won the right to represent workers at a 3M Co plant, authorities said on Monday, marking a second victory for the fledgling group at a pivotal moment for workers to take on entrenched... — read more
3M Earplug Lawsuit Update: 10/29/2022
October 29, 2022 Update: Judge Rodgers said Thursday the monthly settlement talks must resume. She also said she will allow an immediate appeal of her successor liability ruling, a strong sign she may rule for the plaintiffs. This is good. But... — read more
Announced verbally: A3M being dissolved
Meetings this last week consisted of leadership from both Enterprise Ops and BG Ops informing their direct reports that A3M will be reversed back to pre-A3M but they don’t know how it will look now that both Ops added people to fill the lanes of... — read more
High level honchos retiring early with 6 months extra salary
Rumor mill has it that some Director / VP level people have recently retired early and "negotiated" 6 extra months salary as part of their package ! Is there any truth in this piece of news ? How is the company allowing such malarkey when in tough... — read more
Layoff Poem
Layoff Author Unknown I cannot endorse your obvious redundancy due to the work force’s current abundancy. Our air of pathos is painful to bear with all life’s prosperity gone from the air. The garlands are down and the flambeaus blew... — read more
Michael DelVacchio Leaving 3M
Michael DelVacchio - Vice President, United States & Canada for Medical Solutions Division at 3M https://www.linkedin.com/in/michael-delvacchio-4281517
Up 17 dollars in 3 weeks!
Like I said before, Mike and Monish should take a long and well deserved bow. Go team go!