Thread regarding 3M layoffs

Forever chemicals ( PFAS) liability

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.

https://www.barrons.com/articles/sizing-up-liability-for-pfas-chemicals-at-3m-and-others-51564653600

https://www.msn.com/en-us/news/us/rash-of-lawsuits-intensify-concerns-of-3ms-liabilities-over-pfas-chemicals/ar-BBYhmET

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| 1061 views | | 2 replies (last December 30, 2019) | Reply
Post ID: @OP+12JCa7DG

2 replies (most recent on top)

Don't worry. We have ADVANCE 3M!

Our playbook is working!

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Post ID: @2qcc+12JCa7DG

Don't you worry....the lame 3M shareholder. Hold on to your stock.

We have kept aside $235 million for this eventuality. In case of bigger amounts ( as will eventually be the case) , age old well proven strategies such as laying off more technical people, selling of assets, idling more factories...will come into play.

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Post ID: @1gyw+12JCa7DG

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