Casey Rodgers is dictating that they negotiate again. I have heard 3M won't pay a nickel until the Aearo BK appeal is done (Legal is SHOCKED they didn't get the same ruling as others including J&J). 3M believes more fruitless negotiations actually helps their case.
And plain want at least 40B which would basically ensure Bankruptcy for all of 3M.
You are LUCKY if you're laid off now, and luckier if you get a shot at a lump sum pension.
Look to the legal chief if you want to know where the rot of leadership starts. According to the wall street journal, he created the problem in the first place, now screws up the clean up of his own mess.
If the plaintiffs are able to block the HC spin it will be the end of the company. Will go bankrupt
Veterans lawyers are now suing to prevent the spin off. They MAY be overplaying their hand, but more evidence they think they will get the entire company.
Rodgers is pi---d 3m made her go through the motions of these test trials only to throw aearo under the bus. I bet legal is stunned 3m didn't get the jnj treatment
The severance packages will only get skimpier if the Financials keep getting worse. Pension is a big issue now. If you get thrown into the government pension bailout system expect a 50 percent loss vs what 3m would have given you. Somehow mike will get his all up front in millions. Moni too.