Wonder how long Wall Street will tolerate Roman and when the board will ask for his “early retirement”....?

will this be his last time?

(Reuters) - 3M Co said on Thursday it would cut about 2,900 jobs globally and scale back on investments in slower-growing markets as part of a restructuring that is expected to lead to pre-tax savings of up to $350... — read more 

I hope everybody is ready! It's not as if we didn't know this was coming. This is not our first restructuring nor will it be our last. This one will be worse than usual due to the pandemic and the overall state of the economy, which is why I truly... — read more 

This is a post from the * Ford layoff * message board, but equally applicable to 3M ...with its vast army of low level and middle level manager positions. With so many self-directed employees effectively contributing from home, have we reached... — read more 

This thread is for info about potential 3M Layoffs 2021? Any news or rumors?

but some are more equal than others..." This is terrible. Management is totally lost and everything is full of paradoxes. I was told by 3M management: learn to live with Covid19 and come in to work in a plant having 11 cases positive. Job... — read more 

A little dated but worth reading : https://ustechworkers.com/jims-story/

Will the share price go up after the sale?

The recent layoffs have largely left the redundant management structure in 3M mostly unscathed.  This has been true of layoffs since 2008. Technical people canned in huge nos. while management left untouched. Career progressions also work the... — read more 

Its hard to believe that more positions weren't eliminated from the headquarters in St Paul. Only 70 of the 10,000+ employees that work at that location were affected. The layers of management are incredibly deep. The organizational charts go on... — read more 

HR VP sent out an email company wife that restructuring is complete. Nonsense about attrition and retirement kept number at 1,500 announced as part of Advance 3M reorg. They are reporting a net number to reduce total impact visible impact to the... — read more 

3M has not developed a meaningful new product platform in nearly 10 years. Most of the large wins they claim; optical film, cubitron abrasives and their HIS Encompass system were built out of existing components and assets. They company has proven... — read more 

So layoff announcements went out this week. Many people will be hitting the road pretty soon. Here is the message that technical folks got in summary : Thanks to your 20 + years of service and loyalty to 3M, now here is the  door out. Your... — read more 

PFAS and Covid 19 Just google * PFAS and Covid 19* Some new news just coming into light. What are the repercussions for 3M. https://news.bloomberglaw.com/environment-and-energy/insight-pfas-covid-19-and-immune-response-connecting-the-dots — read more 

From yahoo finance message board : As a stockholder, tired of hearing this company not meeting expectations. I don’t own much stock but have to imagine if I am tired of it, large investment companies that have significant dollars invested in... — read more 

1500 layoffs already announced in early 2020. Do you guys think the big honchos will stop there. What additional steps might be taken ??? 1) more layoffs in subsequent quarters 2) cut to benefits like stopping pension, no more 401 k... — read more 

It’s sales for Apr and May are pathetic despite the boom in respirator masks sales Any thoughts if they can close the Q2 Gap to avoid its stock crash?

1500 layoffs were announced much before covid 19 hit. Now more cost cutting will happen since the company is already in deep trouble...no longer a reliable defensive stock like good ol times

Interesting timing of executives selling their own shares of 3M stock. Touting 3M's commitment to providing exceptional value for their customers and premium returns for their shareholders, yet they seem to be putting their own interests first. ... — read more 

Better get out while the gettins good. You s—!

but yet they keep transforming and changing the organization structure. Advance 3M. What a joke.

Comment in this thread - it'll be the main thread.

Plant managers are being advised to prepare for 10-25% volume drops across all divisions and to have plans in place to trim production employees at the end of 1st quarter. Corona virus is the scapegoat but this was in play before the outbreak. SAP... — read more 

A few choice comments from yahoo finance 3M board...when will the 3M BOD wake up and take some action?????? This company has been on a downward trend for sometime. The only news seems to be bad news. Constant job cuts, restructuring due to... — read more 

So what does 3M mean. The common joke inside the company is it means MMM = meetings, meetings and more meetings. These days it might mean 3M = More money missing ( for shareholders and employees that is) Massively mismanaged by... — read more 

https://www.cnn.com/2020/01/28/investing/3m-layoffs-earnings/index.html

looks like downsizing from 5 business groups to 4 business groups is not enough. need to retrench more employees soon.

What's the cumulative employee count for the entire company? How many, out of that number work at St. Paul?

What would be the total liability for 3M. Looks like a tsunami of lawsuits and litigations are coming up soon. And this company has stalled as far as organic growth is concerned... — read more 

3M Methuen Divestment 2020 900 people will leave in 2020 as part of this divestment

3M to Plan $1 Billion Sale of D–g Delivery Systems Unit https://www.bloomberg.com/news/articles/2019-12-06/3m-is-said-to-plan-1-billion-sale-of-d–g-delivery-systems-unit?srnd=markets-vp

So many changes to the company structures. They claim it will advance the company. You really think so? Look at the direction of share price it’s heading.

Do you believe that there will be layoffs at Methuen plant

This is a master thread about 3M Layoffs 2020? Any news or rumors?

When was the last time 3M did worse than the macro economic environment? When was the last time this company made a significant game changing innovative product? More cost cutting, share buybacks, and expensive acquisitions will help only so... — read more 

Now that 3M has acquired Acelity will there be further layoffs and redundancies. After all standard corporate * strategies * call for layoffs after any merger or acquisition

Developing

How is Q3 shaping up? The bar is already pretty low with dismal earnings reported in Q3, 2018 ( 3M paid a hefty 850 million settlement to the state of MN for PFAS related chemical contamination). Any insights

3M halting some work in Alabama for environmental reasons....various news outlets