Topics regarding layoffs at 3M

Topics regarding layoffs at 3M

Modernize Legacy IT systems

Interesting Article: https://seekingalpha.com/article/4664580-3m-major-lawsuits-damaging-shareholder-value-smoking-everywhere Simplify global supply chain and modernize legacy IT systems. If I'm not wrong, we've been working on this since the dawn... — read more 

EMD

Again, will the President of EMD apologize to us at the Town Hall for Huddle or his work on the Executive Committee? He has destroyed the culture at EMD implementing their/his disastrous initiatives. We are waiting.

GESPP

For those who are still on GESPP , what are the reasons that you are still contributing to the 3M pool? Just to get 15% discount? Be aware that stock can wipe off 10% just overnight. And GESPP is stuck to hold for 1 year.

Q4 results - The mask is fully off

So, I just listened to the earnings call... what a clusterfu-k. The lowlights: They set out the first public hint of the future bankruptcy, I quote from the transcript: "Absent the proceeds from the intended spin-off of the Health Care business... — read more 

LIES OF OMISSION

Some truths were told today. There were many lies told; however, they were lies of omission which is hard to prove. Our company is a disaster. Clear that we have more layoffs coming. We have not hit bottom, not even close. It's just a job. Draw... — read more 

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| 1601 views | | 2 replies (last January 24, 2024)
Post ID: @OP+1qIV4FHi

2023 AIP

Where did the BGs and Corporate finish in terms of AIP?

They all have to go

The worst CEO in company history, a completely incompetent executive committee, and an absent, negligent board. All they have done is destroy the wealth of thousands of families across the globe. Each division president has to be replaced!

TIME TO COME CLEAN

3M Earnings Are Coming. Legal Woes Are Hurting the Stock. Investors will want updates about the company’s legal liabilities and the spinoff of its healthcare business when it reports fourth-quarter results. By Al Root Jan. 22, 2024 4:15 pm ET 3M... — read more 

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| 1590 views | | 8 replies (last January 24, 2024)
Post ID: @OP+1qIRE9jo

PREVIEW: 3M seen posting 4.7% Q4 revenue drop

PREVIEW: 3M seen posting 4.7% Q4 revenue drop Jan 22, 2024 ** Shares of 3M MMM.N gaining ~0.7%at $108.50on Mon ahead of qtrly report due before market open on Tues ** Wall Street sees industrial conglomerate reporting adj EPS of $2.31, a 1.3% yr/yr... — read more 

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| 1430 views | | 4 replies (last January 23, 2024)
Post ID: @OP+1qH4degp

How Long

Have you ever asked yourself how long you would have gotten a 3 on your performance plans if you were the leader of a company that has lost more money on your watch than anyone else? That’s right, you would have been on a “plan” by March of the next... — read more 

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| 1820 views | | 6 replies (last January 21, 2024)
Post ID: @OP+1qF13Q9T

A BIGGER, BOLDER VISION

Roman unveils the latest company vision. anyone feels motivated by it? what has changed for the better?

Employees are the foundation of a company

It seems to me the fact 3M no longer enforces it’s Code of Conduct when the bad conduct involves senior leaders has created so much toxicity 3M cannot survive. We do not even need some of these senior leaders. As a peon if I yelled at a fellow 3Mer... — read more 

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| 1251 views | | 3 replies (last January 20, 2024)
Post ID: @OP+1qEfey1a

FOREVER CHEMICAL ILLNESS SUITS BEGINNING

Lawsuits claim 'forever chemicals' from Decatur industries causing illnesses David Gambino, The Decatur Daily, Ala. Thu, January 18, 2024 Jan. 18—Several north Alabama residents filed lawsuits in Morgan County Circuit Court alleging they are... — read more 

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| 1390 views | | 4 replies (last January 21, 2024)
Post ID: @OP+1qDyWY2C

Steady stream of new PFAS lawsuits continue - New Details

WILMINGTON, N.C. (WECT) - New Hanover County filed a lawsuit in the county superior court on Jan. 12 against several PFAS manufacturers and companies selling products that use or include PFAS. The lawsuit targets manufacturers and sellers with the... — read more 

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| 982 views | | no replies yet
Post ID: @OP+1qCQ3yBV

“They lost the DNA”

Eerie parallels with the downfall of Boeing Should we be surprised fateful decisions about the Spirit Aero divestiture in 2005 happened under McNerneys watch? 3M is doing the same things to its supplier base as what is mentioned in this article... — read more 

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| 1740 views | | 5 replies (last January 21, 2024)
Post ID: @OP+1qAzz9jz

Q4 earnings results - what can we expect?

Seems like announcements and headlines often come with earnings results. What can we expect this time? CEO announcement? Cuts? Another spin? Perhaps a new and creative announcement to continue the decline?

Ope!

https://www.marketwatch.com/amp/story/3ms-ceo-is-in-line-for-a-26-million-pension-as-company-freezes-the-plan-for-employees-777bbf12

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| 1640 views | | 4 replies (last January 21, 2024)
Post ID: @OP+1qxqvI9P

Severance Pay

For those who have been impacted, how long does it take to receive your severance pay?

Plant Morale

At an all time low. Employees don't come to work half the time. Can't imagine why. Perhaps a--hat hr and management? Time to actually start firing incompetent losers. Su-ks to su-k.

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| 1810 views | | 6 replies (last January 19, 2024)
Post ID: @OP+1qwDV67O

Roman

When is he going to retire and enjoy his full pension? Every time I hear something from him, I wonder whether Monish might be better. Which is a terrible thing to think.

3M’s Stock is Like a Dog with Fleas

Thanks to the person who shared the article “3M’s CEO is in line for a $26 million pension — as company freezes the plan for employees”. I loved the analogy that our stock is like a dog with fleas. I feel so sick to see MR is making so much money... — read more 

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| 2020 views | | 7 replies (last January 14, 2024)
Post ID: @OP+1qviU25I

AIP and SIP consistency

Hello, I’m wondering if there’s consistency behind who is on AIP vs SIP. Some changes to the plans in the past few weeks make me think it’s rather sporadic. How is this decided?

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| 1334 views | | 1 reply (January 10, 2024)
Post ID: @OP+1qt9pDGy

Be Bold

MR, what are your top regrets over the last 5 years and how are you working to correct them?

U.S Pension Plan Actions

It was only a matter of time. Perhaps this is one of the reasons so many of our leadership have left. Another sign that our once great company is going by the wayside. Very had to watch.

Boeing

It is truly incredible how McNerney and GE parasites have destroyed multiple formerly great American businesses.

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| 1980 views | | 5 replies (last January 12, 2024)
Post ID: @OP+1qsBDczO

Execs leaving Jan 2

Did anyone see all these losses? CH, KJC, MCB, et al? This is a bloodbath.

3M Layoffs 2024

What's your prediction as it relates to the possiblity of 3M layoffs? Any chatter, news or rumors?

What's in 3M's future? Additional litigation, a dividend cut and eventual bankruptcy reorganization. See Reuters article.

More PFAS litigation in 2024 coming. More liabilities to soak up cash flow. Dividend cut in 2024 a certainty. 3M knew PFAS was hazardous. 3M knew the chemical was showing up in the environment, in animals and in humans. 3M continued to produce these... — read more 

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| 3500 views | | 12 replies (last January 8, 2024)
Post ID: @OP+1qixe74U

Stock option from 10 years ago still underwater!

Stock options from 10 years ago will expire in early February. Any chance company will re-state option price or extend option expiry date? If stock option expires, is there a tax write-off?

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| 2380 views | | 7 replies (last January 5, 2024)
Post ID: @OP+1qiNb3ZB

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