STPAUL..the painful process of labor layoffs is underway again, albeit mostly older women in centers. Then it will be the older men on the old pension scheme that look a liabilty should they die in service, the younger employees who can take the... — read more
How much does an SVP make?
Anyone able to provide insights into an SVP salary at 3M? Total Comp - Salary + Bonus + Stock?
READ IT HERE FIRST
iceberg dead ahead Sir,, it's ok , we will miss it,, DOINK,,, AH CR-P,, yes the old story of seeing whats ahead and thinking we can dodge it and cut corners and then BAM, the old boot in the bag
Layoffs in last quarter of 2024?
Was there still cuts to be carried out before year end? I seem to recall they still have an allotment for restructuring this year in the financials. There was insinuation of consolidation in the last earnings release, ie 110 plants formerly served... — read more
The result of all the layoffs in the past 2 years ...
3M stock near 52-week high. Sure, it is nowhere near its all-time high but Inge mortgaged the company to pay a high dividend and had billions in share repurchase to pump the share price up to ~$200 (adjusted for Solventum split). Roman... — read more
3M has lost its way
The BOD needs members who understand "Business", not gender theory. The CEO must re-evaluate and rebuild it's corporate HR department, this has long been a weak link for 3M. Eliminate all DEI positions immediately. 3M needs to have sure footing in... — read more
3M, Corteva, Chemours hit with class action over 'forever chemicals' in carpet
PFAS lawsuits endless. Continue to collect your salaries, just don't get caught in layoffs. Eventual bankruptcy for 3M but that will be 5-6 years out. This lawsuit covers anyone that bought carpet before 2020. Have an employment exit plan. 3M knew of... — read more
Investors seems to like the billion $ reduction in inventory
Looks like BB is pushing very hard for the deep inventory reductions. And is rewarded by the share price increases
Another great IT leader leaving!
Unbelievable that M Murphy is still around! Yet another one of the best IT leaders in 3M announced he was leaving today. All the talent that was developed as the next leaders has effectively left. Anyone that climbs the ranks and interacts with... — read more
Union.
Union, union, union, union, union, union. Agree?
How many top leaders have left in 2024?
Saw a few names already, some perhaps left before they could be fired. Others "pursued other opportunities" outside 3M - meaning fired but get a formal send-off. Other than Gibbons, who seems to have moved into the Right Hand Man of Brown spot, not... — read more
The Rush for solid state batteries
The entire world is racing to design a solid state battery for EV in mass production…. Samsung states 2027 full production.. Somehow 3M led the research on this in the 90s…..? Why the he-l is 3M not at the front on this now? ... — read more
BB Fall
HR and management are absolutely id--ts here. For the love of God BB if you see this clean house and fire then replace with competent staff or promote within. The amount of failures I've lost count and if they were production they would be fired... — read more
What additional PFAS-related lawsuits are out there?
Anybody know?
Message To All Manufacturing Tuesday Morning
I see Peter Gibbons is doing a live event Tuesday morning and all 30,000 plus manufacturing employees have been invited. Does anyone have any insight what's coming down the pipe?
Why has HR made it impossible to find new jobs within 3M?
Have you looked at Workday recently? You can't search by job grade and you can't search by date posted. So if you want a new job at 3M, you have to sift through literally every job, looking for anything that might be at your next job grade but also... — read more
RTO
I thought I saw a post stating BB is going to mandate RTO but I do not see it now. I work in Legal and was hired just after the pandemic ended. I live out of state and work from home. Many other lawyers are also out of state. I know senior legal... — read more
Board of Directors are geniuses!
The board forced MR to retire, spun off Solventum and hired BB. The “old 3M” share price is now $140 and climbing. Both 3M and Solventum are gaining momentum going into the 2nd half of the year. Better days ahead!
Solventum HQ moving to Texas
Leaked internal sourcing memo says that the change is happening August 15. Prior town halls suggest that there will still be a large R&D presence in Minnesota.
It's the same playbook
BB talks a good game just like Mike Roman did about growing organic sales and introducing new products. The playbook he is using is the same. 3M blew over a billion dollars buying there own stock between March 31'st and July. He let Gibbons put the... — read more
More Restructure Operations Implied
Interesting comments. It flat out sends a message to the external market and to internal foundation that more significant restructuring is coming immediately. However it is short sighted. 3M has spend decades optimizing operations, and designing... — read more
Don't work at 3M if you care about your career
Just a friendly warning to anybody who might be considering joining.
AIP
With such a good company performance till date 1H2024, does anyone knows if BGs have released the Q1 and Q2 AIP % results yet? Thanks
What do you think of this CEO comment from earnings transcript
While our network of 110 factories and 95 distribution centers have historically served 3M well, it is incredibly complex and interconnected, with most SKUs we produce touching multiple factories before reaching the customer. For example, a command... — read more
Who else feels completely burnt out?
I have no idea how much longer I can keep doing what I've been doing. I desperately need help but nobody seems interested in providing any. Our team lost five people in the last 12 months. It's not humane to expect us to pick up their work without... — read more
Netflix watch “dark waters” 3M PFOA
Series that brings to life 3M PFSO used at DuPont and devastating results for local farmers. Pass along to as many as you can.
What does good performance mean for us?
Can we expect a bit of peace and quiet? Better pay, benefits? My personal experience is whether the company is doing well or not, you as a worker are in peril anyway and will not reap the benefits but will always suffer the cost. I'm a newbie here... — read more
3M shares soar as strong results highlight cost cuts, growth push
3M's shares soared to a near two-year high on Friday following the industrial conglomerate's quarterly results that underscored its focus on investing in high-growth businesses and reigniting the company's storied history of product... — read more
3M smashes Q2 24 estimates
Off to a great start by new CEO
Osha
Busy in the plants. Equated them to sweat shops. Big yikes.
Fall
Appears all signs hint selling. Any info?
What’s the point of consultancies?
Even more of a tragedy many of those engagement managers: Haven't even been alive much more than 25 years, let alone have 25 years of experience Have never built anything more complex than cheap Ikea furniture Have never physically worked... — read more
What is McKinsey doing at 3M these days
Quite a few Engagement managers working directly with CEO. What are they up to ? They are listed as contract workers with direct report to the CEO . Check it out.
money is slowing syphoning out to pay claimants,
the real reason Monish has left is there will no money in the pot in 12/18 months, here is an update on why departments are being told to run down stock and stop new orders, 3M Earplug Lawsuit News July 16, 2024: 3M paid out $500 million yesterday... — read more
Treat you’re employees well and…
You’ll gain most their children as lifelong customers, treat them bad, you’ll likely gain resentment, 3M employees have some very successful influential employees, Decatur alone has 3or4 NFL starters… that’s one Monday night football interview away... — read more
Can't find a new job
I'm done with 3M. I've been looking for something else since the start of the year. I don't even know how many applications I've submitted and how many interviews I did in the past six months. I even made it to the final round a few times but I ended... — read more
Another SVP leaving
Global Logistics chief leaving for better opportunity