Thread regarding 3M layoffs

What's in 3M's future? Additional litigation, a dividend cut and eventual bankruptcy reorganization. See Reuters article.

More PFAS litigation in 2024 coming. More liabilities to soak up cash flow. Dividend cut in 2024 a certainty.
3M knew PFAS was hazardous. 3M knew the chemical was showing up in the environment, in animals and in humans. 3M continued to produce these forever chemicals for decades after knowing it was wrong.
3M claims to be the most ethical company in the world and this violation of trust will take 3M into bankruptcy reorganization. Dividend cut in 2024 and Chapter 11 bankruptcy by 2029. More layoffs coming.
What should you do?
IT'S JUST A JOB. SHOW UP FOR THE MONTHLY CHECK. YOUR RESULTS, WORK AND IMPACT WILL NOT HAVE A DIRECT RELATIONSHIP TO YOUR PROMOTIONS OR JOB ELIMINATION. HAVE A PLAN B.

https://www.reuters.com/legal/litigation/forever-chemicals-were-everywhere-2023-expect-more-litigation-2024-2023-12-28/

by 2024RealisticExpectations
| 3491 views | | 12 replies (last January 8, 2024) | Reply
Post ID: @OP+1qixe74U
Comment! It's anonymous!

12 replies (most recent on top)

Pension plan freeze predicted by many on this board came true.

Doesn't quite take a genius to predict it though!

by Anonymous
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Post ID: @bfms+1qixe74U

Mike Vale return 2024

by Anonymous
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Post ID: @6rhf+1qixe74U

The solution is EMEA layoffs.

by Anonymous
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Post ID: @4lwl+1qixe74U

@2ssn+1qixe74U

Yes, congressional invitation for every 3M CEO. Clearly they all knew and not one of them stopped the PFAS pollution.

by Anonymous
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Post ID: @2mqe+1qixe74U

Why not a congressional hearing with former CEOs starting from the year 2000 onwards!

JM, GB, IT and MR in attendance.

What a spectacular show that will be !!

Another option could be clawing back compensation from the 4 Amigos.

by Anonymous
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Post ID: @2ssn+1qixe74U

Just let the JG15+ be answerable since they are paid handsomely. The working class just do a work. Simple as that

by Anonymous
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Post ID: @1nhp+1qixe74U

Really I feel bullied by the company in order to save compensation if I leave before they fire all us in EMEA

by Anonymous
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Post ID: @1vir+1qixe74U

I will tattoo me this:

“ IT'S JUST A JOB. SHOW UP FOR THE MONTHLY CHECK. YOUR RESULTS, WORK AND IMPACT WILL NOT HAVE A DIRECT RELATIONSHIP TO YOUR PROMOTIONS OR JOB ELIMINATION. HAVE A PLAN B.”

by Anonymous
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Post ID: @1nrn+1qixe74U

"A 3M spokesperson said PFAS can be safely made and used, and noted the company plans to discontinue its production of PFAS by 2025."

US President Abraham Lincoln once said: "You can fool all people some of the time and some people all the time."

3M is no Abraham Lincoln.

by Honest Abe
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Post ID: @fsy+1qixe74U

Yet another disgraceful assertion by a “spokesperson.”

by LloydR
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Post ID: @isu+1qixe74U

Wait, ‘can be safely made and used’ but 3M will be discontinuing them…hmmm. Would be curious to know who the spokesperson is? WTH?!?!

by Anonymous
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Post ID: @fgc+1qixe74U

"A 3M spokesperson said PFAS can be safely made and used."

Wow, just wow. 🤥🤥🤥

by Anonymous
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Post ID: @zgi+1qixe74U

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