Haven't heard any buzz this month. Maybe people like Vale got ahead of the curb and just got it over with, that is until the 1st quarter 23 wave.
20 replies (most recent on top)
I heard of cuts just 9 days ago so I'm not agreeing with the posts that it is done in MN more to come.
Cuts are NOT done in 2022.
A. Why should “the twelve” (named below) continue to be employed by 3M Company?
- - There are times when a mass exodus signals positive change. Out with the old and in with the new.
B. Would their immediate or staggered departure provide long-term (> 5 years) sustainability for 3M Company?
- Staggered, over a six-month period. Set up a schedule and if they don’t stay until their scheduled departure date, no severance.
- If they remain, should they receive a reduction in direct and/or indirect compensation so that they have actual skin in the game?
- Moot question as they should not remain.
There are two primary choices in life: To accept conditions as they exist, or accept the responsibility for changing them. -Denis Waitley
A. Why should “the twelve” (named below) continue to be employed by 3M Company?
B. Would their immediate or staggered departure provide long-term (> 5 years) sustainability for 3M Company?
- If they remain, should they receive a reduction in direct and/or indirect compensation so that they have actual skin in the game?
- Michael F. Roman
Chairman of the Board and Chief Executive Officer
- John P. Banovetz
Executive Vice President, Chief Technology Officer and Environmental Responsibility
- Karina Chavez
Senior Vice President and Chief Strategy Officer
- Zoe D i c k s o n
Executive Vice President and Chief Human Resources Officer
- Peter Gibbons
Group President, Enterprise Operations
- Eric D. Hammes
Executive Vice President, Chief Country Governance and Services Officer
- Ashish K. Khandpur
Group President, Transportation & Electronics
- Jeffrey R. Lavers
Group President, Consumer and Interim Group President, Health Care
- Mark Murphy
Executive Vice President, Chief Information and Digital Officer
- Monish Patolawala
Executive Vice President, Chief Financial and Transformation Officer
- Kevin Rhodes
Executive Vice President and Chief Legal Affairs Officer
- Michael G. Vale
Group President, Safety & Industrial
Re: Almost done in Minnesota… just a few more to go.
You missed the most important one: Monish!
Post ID: @2ejd+1jbLN8Tc
The aforementioned group shall always be tied together by their ruination of people’s futures, coupled with layers of pomposity only possible by individual and collective malfeasance born out of pride before the fall. Hope is not a tactic. Neither is boarding a ship with an insufficient quantity of lifeboats.
Here endeth the lesson.
Post ID: @2pto+1jbLN8Tc
So in other words, you want each division to be spun off and run as separate companies without the two layers which tie all of them together at business and company levels?
Almost done in Minnesota… just a few more to go.
Michael F. Roman
Chairman of the Board and Chief Executive Officer
John P. Banovetz
Executive Vice President, Chief Technology Officer and Environmental Responsibility
Karina Chavez
Senior Vice President and Chief Strategy Officer
Zoe Di-kson
Executive Vice President and Chief Human Resources Officer
Peter Gibbons
Group President, Enterprise Operations
Eric D. Hammes
Executive Vice President, Chief Country Governance and Services Officer
Ashish K. Khandpur
Group President, Transportation & Electronics
Jeffrey R. Lavers
Group President, Consumer and Interim Group President, Health Care
Mark Murphy
Executive Vice President, Chief Information and Digital Officer
Monish Patolawala
Executive Vice President, Chief Financial and Transformation Officer
Kevin Rhodes
Executive Vice President and Chief Legal Affairs Officer
Michael G. Vale
Group President, Safety & Industrial
Judging from the bosses around here, the minnesota cuts appear to be over for now. They are more relaxed than usual, like they took a big dump and aren't constipated anymore
Yup, more power to the worker bees is the need of the hour.
No more layoffs at will since C suite screwed up big time, multiple times.
Does 3M have anything left in France? Last time tried something toward RIF they sure Director was not allowed to leave the site because the workers held him as a bargaining chip.
This is why the US companies need Unions
No they aren’t. They will continue through to the end of the year.
To the one questioning: EMEA works councils are meant to negotiate severance packages and other things with management on behalf of all employees. They are looking into a fair social selection of people asked to leave and, for instance, negotiate programs to allow employees to swap layoffs and packages with others who like to leave instead. The negotiations take a while but that doesn’t impact the overall number of people to lay off set by the US management.
Can anyone explain the Works Councils in Europe? What hoops have to be jumped through? Its not fair to the employees in the rest of the world that are offered up as sacrificial lambs because its so hard to touch Europeans. (Sorry Europeans!)
Would like to see more reductions in 4q
Plenty more fat at hq to cut
Just see when the earnings are announced
No it’s not a western cut only.
Cuts are all done in Minnesota for 2022. That I can confirm. 2023 is another story but if you live in the land of 10,000 lakes breathe easy until next year. Managers were given NUMBERS in August and had to choose people to fit the exodus. Europe has the works councils so it takes long. Asia and Latin America were not touched whatsoever. This was a western cut.
I think they may be done till next year. You are going to see a ton of retirements November 1st. That will cull a lot of jobs.