So, I've noticed some strange positioning going on that seems to have started suddenly. Any actual layoff news happening?
Entering rougher business environment
Don’t expect positive surprises
New to 3M
I admit that I am young and inexperienced, and I am pretty new to the company (less than a year). I have found many experienced employees were let go and I struggle regularly with finding information, documentation or even who to contact. I wanted... — read more
$86
Every day it drops… just my colon.
Insulet CFO to step down to join 3M's healthcare business
Insulet Corp (PODD.O) said on Tuesday Wayde McMillan would step down as the medical device maker's chief financial officer, effective Oct. 20, to join 3M's (MMM.N) healthcare business. McMillan would join 3M as the financial chief of its healthcare... — read more
Benzene in Ultrathon
3M's Ultrathon Aerosol is Adulterated with Cancer-Causing Benzene..... Class action alleges. Bloomfield et al v. 3M Company. If you bought that in the company store, you might want to throw it away.
$75 by 10/24/2023
Get ready for it. M&M going to open their mouths to investors again.
WSJ Article
Front and center on the WSJ home page, for all the world to see how the mighty have fallen. https://www.wsj.com/business/3m-innovation-scientists-lawsuits-contamination-5a48d46f?mod=hp_lead_pos7 Without paywall: https://archive.ph/qorxS — read more
EMEA Redundancies
Does anyone have any knowledge of further redundancies in EMEA for Q4, zero communication coming through but I anticipate the usual December year end employee notification in time for Christmas
Jet Update - October 4th
It's been a a month or so since last update. I would say not heavy travel, but all on just one jet. The prior weekly DC trips seem to have stopped. N73M: A short loop flight (test?) in New England based out of Springfield, MA Hasn't flown since... — read more
87 Bucks
This is undeniably ridiculous. The executives of this organization should be ashamed. This once great company is about to be brought to its knees and we will be the ones picking up the pieces
Is Executive Management and the BOD Shorting 3M Stock?
Reading other posts asking this question, I thought I’d ask it again in a new, separate post. Lacking any other defenses or strategies stated by the company,, is 3M Executive Management and the BOD shorting the stock? We need full disclosure of... — read more
89 Bucks
We just touched 89 bucks. What's next? The annual cuts? Locking the pension? Have you noticed any "Presidents" fired for this insane mismanagement? Any former VP now Prez who had anything to do with A3M should be fired. You and they know who they... — read more
Most trusted co go MMM
It’s fantastic to see 3M recognized as one of the World’s Most Trustworthy Companies by Time! Thank you to our employees around the world for their work to improve the employee experience, drive revenue and lead in sustainability. Lol — read more
Q3 Earnings
Well, Q3 has just ended. Any predictions and effect on stock price when announced in late October?
EMEA Neuss rooftop reduction
3M wants to give up 1 out of 2 buildings in Neuss, Germany. Next to offices, the building contains the canteen, child care and gym. After they refurnished the offices in the pandemic - making a cube farm out of the whole building - not many people... — read more
Why stock dropped? Again
M&M said anything?
3M Belgium
https://www.brusselstimes.com/705926/illegal-pfas-emissions-detected-at-3m-production-halted https://investors.3m.com/financials/sec-filings/content/0000066740-23-000080/0000066740-23-000080.pdf Company STILL can’t figure out how to make this stuff... — read more
3M weighs whether to restart PFAS manufacturing at factory in belgium
Anyone has the latest news on above PFAS?
A guide for managing innovation: 4 big mistakes technologists wish their business leaders would stop making
https://www.fastcompany.com/90954158/a-guide-for-managing-innovation-4-big-mistakes-technologists-wish-their-business-leaders-would-quit-making
Iran
More bad press
Job Loss ($97.49)
When your company stock price continues to fall, lawsuits continue to mount, and sales are slipping as stated by senior leaders, just how much time do we have left?
3M Blocking TheLayoff
Looks like 3M IT Police blocked access to the site on company electronics. I guess they don’t like us being honest and sharing the reality of what goes on here.
Incompetent Management MSD
Why do we have so many incompetent “leaders” within MSD. I have never worked in an organization filled with so much rotting garbage. It’s interesting how most of the layoffs impacted the sales reps but hardly any middle managers and no RSLs were let... — read more
3M Earplug Lawsuit Update
September 18, 2023 There are currently a total of 242,604 pending cases in the 3M earplugs MDL. That is a decrease of over 12,000 since the start of the summer. This modest downsizing is not related to the recently announced settlement deal, but... — read more
Spinco Pension?
Anybody have any guesses as to what will transpire at.hard spin with portfolio 1 pension? Will it freeze? Will they add time to service or age like 1 and 1? Thoughts?
Healthcare Spin delay? Again?
In another example of leadership failure, lack of planning, and poor decision making….the spin has been pushed. For all of us going, now we “get” to continue to suffer under the old 3M (Mike and Monish).
The McKnight Principles
It is sad, there are good people working at 3M today, who may have never encountered the McKnight manage philosophy in action. The Mcknight Management... — read more
3M Forward
Is 3M Forward the buzz word now? Replacing Advanced 3M?
HCBG specific plants?
Which plants are going to go in the spin off? I know some plants have mix of business groups in them. But are any 100% HCBG and will 100% be going to spinco?
Bring back Vale. Layoffs end. Shares jump to 150
Lackeys get in line. Mike will be back in full force.
Does 3M use productivity software against its employees?
I've heard of other companies using AI-related software like teramind to monitor the productivity of employees. Does 3M do this?
HCBG townhall
Can 3M keep Bryan as its ceo and find a new one for HCBG? Nice to hear real transparent words not drafted by someone else.