Advancing 3M

Only place it’s advancing is to the bin

All that we do business the right way … is that really chapter 11 so not to pay the compensation for ruining hearing of thousands

PFAS ground water contamination now they pay money to try and cover it up so it doesn’t blow up big.. kick it down the road

Employees now have to be cut as they simply cannot afford them, when they need cash to stay afloat to save themselves

Monish as CFO what a joke this guy is a true amateur, totally out of his depth. Just look at the track record ..

3M once a power house and now deserves to be in the gutter for the mistakes made through very poor leadership and poor governance. The board and Mike need to be held accountable as this truly is a great company turned bad.

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Pensions are seen as a liability by 3M, but I assume plaintiffs would see that pot of cash as an asset. But who knows, May be rime to just take another job and cash out what I have earned.

Talk to your financial advisor about pensions when companies go Chap 11. My understanding is that chap 11 means all pensions go to pensions guarantee fund which is not good

Aren’t pensions protected under chapter 11? Assuming the pension fund is fully funded, which 3Ms is not. But is high, but not 100%. I think I saw it was about 85ish%. The problem is 3M still has to fund existing pensions going forward sand that takes cash.

Pfas alone was a multi billion dollar liability. Now the ear plugs which are really aearos fault but Gilligan Buckley bought this outfit only to cash out his millions and leave the rest of us holding useless options.

I wonder if 3m will offer pension buyouts to at least allow retirees the chance to get out what they can. Chap 11 is very bad for people who have big company pensions.

Thread regarding 3M layoffs

Advancing 3M

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