Just announced today..Bich Le, President of HCBG and Medical Solutions Division, is leaving 3M immediately. She will be replaced by Veronica Acurio, with the title of interim President. Bich Le was not at 3m very long. I wonder why she left the... — read more
Dear Monish, Mike and B.O.D.
Monish and Mike..you have let down generations of 3M employees. You have ruined the 3M brand. I'm utterly embarrassed to be considered a 3M employee. Why are you doing all of this? Business books will have your name in them of why 3M failed. I'm... — read more
3M rating kept at Underperform by Bank of America after latest legal moves
Oct. 10, 2022 9:32 AM ET 3M Company (MMM) By: Rob Williams SA, SA News Editor https://seekingalpha.com/news/3890006-3m-rating-kept-at-underperform-by-bank-of-america-after-latest-legal-moves
What is the value of Area LVS ?
Today saw another request coming from Div VP thru the Area LVS. VP wants to know some headcount information of plant. Area LVS just forward and pass on the request to Plant. After completion, plant submits back to Area LVS, who in turn compiles and... — read more
Stressful work enviroment
I'm praying to be laid off. My health can't take any more of the stress and anxiety driven by the lack of transparency and reassurance from the management. My health is suffering and I know I'm not the only one. The way things are now, it would be a... — read more
another week of layoffs
This week will see another round of cuts, ge-z it's painful to watch, just wondering if my name will be one of them, only six years into my career and keep thinking about the interview I had and the chances i had to maybe be happier and more... — read more
A time for change
Before It is too late. Cut jobs and close plants do not help in Long term. To be or not to be.
What is ruining the mother mineral company
It's not PFAS, not earplugs, it's M&M&M.
MMM>MM>M>0
The legacy Mother mineral history.
A Time For Choosing
The board of directors have failed to provide strong oversight and strategic support for management’s efforts to create long-term value. Their overemphasis on short-term financial results and underemphasis on long-term value creation, has placed and... — read more
Don't be afraid to walk away
Many of the people I work with hate their jobs but are too scared to quit and have decided to follow the 'better the devil you know than the devil you don't' approach. I find this sad. If you think about it, how much worse can anything outside of 3M... — read more
Big game has not started yet
Stock drop to 107 today and it will continue to drop. To save their jobs, they will start to cut your job soon. Sadly no one was doing anything to save the company.
Process of job elimination
Current 3M employee here. Not sure for how long with everything going on. In my group we have several people with same title, same job grade and same job duties. All 6 hired at the first of the month. (So no official employee review cycle yet..we... — read more
From 135B to 60B market cap in 4 years
Lost over half the company value, some 75B in market cap. How much do the veterans want anyway. Looks like they should have sued when shares were 259. So sad seeing the GESPP depress to record lows.
Stock at new low
Same as the Management level. Board, do something?
Monish Introduction (June 2020)
3Mers, go to the 3M Stream internal website and search for "Nick Gangestad Retirement Announcement". Monish begins talking at around 8 minutes in, describing his philosophy. Roughly 12 minutes in, he starts talking about his GE "family", and his new... — read more
When failed technical people join management ranks, this is what happens
Look around you and you will find that > 80 % people that you know who joined management ranks were utter failures at the bench ! It has been a celebration of mediocrity, mendacity, nepotism and favoritism at Mother Mining over the last decade... — read more
Investors Warning: Accounting Fraud at 3M
Tens of millions of dollars in accruals and magical reversals of accruals across quarters to manage earnings. If things look too good to be true, they are... This started when the finance team has been replaced throughout the BG and in corporate... — read more
There's not much to lose if we're laid off
Are you going to miss the toxic culture, outdated technology, useless management, constant fear of losing your job, insulting raises, nepotism, lack of advancement opportunities, total lack of respect for employees, and so many other similar... — read more
Whack a mole. Which teams have been axed this week?
Of course, LG15 and up are safe since they are considered essential workers. Not!
3M Announces Upcoming Investor Event - Tue, October 4, 2022, 9:10 AM
ST. PAUL, Minn., Oct. 4, 2022 /PRNewswire/ -- 3M (NYSE: MMM) today announced the following investor event: Third-quarter 2022 earnings conference call on Tuesday, Oct. 25, 2022, at 8 a.m. CDT. The earnings call can be accessed at (800) 762-2596... — read more
Felt ashamed to introduce as 3Mer
Nowadays, whenever I meet new people outside work, I felt ashamed to introduce myself as working in 3M. I am worried what other people perceives 3M company to be - with the countless lawsuit in ear plug and PFAS. Hurting people and the... — read more
Another GE executive appointed
The mission is ongoing…
Delay in trial proves real negotiations are going on! New leadership NEEDED
This is good news for both sides. Assuming they are able to avoid bankruptcy, there is an opportunity for a new leadership team to come in who is focused on cleaning up the disaster that 3M has become. A strong, ethical, leader who can admit to... — read more
3M Combat Earplug Fight at Crossroads as Court Strategies Falter
Awards Mounting 3M and Aearo prevailed in six of the cases that went to trial, and got some cases that were scheduled for trial thrown out. But they face more than $250 million in damages awarded by juries in 10 other test trials, including a $50... — read more
SCOTUS gives 3M the cold shoulder on warming-device litigation
(Reuters) - The U.S. Supreme Court on Monday let stand an appellate ruling that revived nearly 6,000 lawsuits over 3M’s Bair Hugger surgical warming device, clearing the way for trials to resume this fall. 3M, represented by Paul Clement of Kirkland... — read more
3M Earplug Lawsuit Updates - Oct 4th
October 4, 2022 Update: Judge Rodgers pushed back the David George trial set for October 24, 2022, to February 13, 2023, in an order signed yesterday. The reason for the delay is not related to the litigation. This trial date was putting pressure... — read more
3M Earplug Lawsuit Updates - Oct 3rd
3M spokesman Sean Ly--h: [Manager, Communications at 3M based in Saint Paul, Minnesota] 3M hopes that the "parties and their attorneys will come together to negotiate a prompt resolution to this matter, so that those veterans with eligible claims can... — read more
Is McKinsey still snooping around, looking for synergies?
3M has paid this company tens of millions IMHO to look for ways to: Streamline the business processes Eliminate non value added work Optimize manpower deployment Empower employees to take on more duties, for personal enrichment .. — read more
Do you still want to work at 3M?
I'm not asking about having to be here because you're close to retirement or you can't find a new job or whatever other similar reason. I'm asking if you're still at 3M because you want to be. Because you enjoy your work and are willing to ride this... — read more
Positively 4th Street from a native poet
Some may like Bob Dylan, some may not - lightly edited and redacted to fit. You've got a lotta nerve to say you are my friend When I was down you just stood there grinnin' You've got a lotta nerve to say you got a helping hand to lend You just want... — read more
Who’s this new EVP of Risk Mgmt guy?
Titantic saver? Corporate fixer? Sell the company off in parts, like GE model? Another one to make a pile of money, realize this company is beyond broken and leave in 6 months? Another gaggle of high priced lawyers