Any updates on whether there will be any layoffs in the TSD Division? Just a worker bee here trying to see how bad its gonna be for our division in the us and overseas.
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*TSD is declining sales. Very soon it will be another division identified to spin off
Even their technical director is leaving*
TD has already left for a cushy management job in the Corporate Labs. TSD is in shambles. As it has been a trend for while, well connected people, read people in high levels of management, are * transferred* just before a division goes down the toilet. It is possible to just see the timing of the transfers and know that the division is being left to bleed to death.
Any ideas how the new global structure of TSD will look like ?
Who is TD
TSD is declining sales. Very soon it will be another division identified to spin off
Even their technical director is leaving
Spin out sake to AD?
What happens after their DG patent runs out soon?
Mainly field sales
Yes, you will be affected. The entire model is being transformed for this div.
Most likely. company huddle downplayed litigation, new lawsuit not even mentioned in huddle.
https://www.bloomberg.com/news/articles/2022-09-01/3m-should-be-blocked-from-health-care-spinoff-new-suit-argues
Also mentions 82 Billion payout! wow.
"3M Co. should be blocked from spinning off its health care business and paying shareholder dividends in order to preserve money that soldiers suing the industrial conglomerate expect to win, according to a new federal lawsuit.
A group of soldiers who claim faulty 3M earplugs damaged their hearing want a judge to ensure that the company has enough assets to pay tens of billions of dollars in judgments it could lose in the future. The company faces more than 200,000 lawsuits from veterans who used the earplugs.
The complaint, filed in Pensacola, Florida, accuses 3M of trying to protect valuable assets in its health care business from being used to pay soldiers who win their cases. Verdicts against 3M in a handful of initial trials shows that the company may be forced to pay out at least $82 billion, according to the complaint."