Reuters September 13, 20231:56 PM CDT Sept 13 (Reuters) - U.S. industrial conglomerate 3M Co (MMM.N) on Wednesday warned of "a slow growth environment" in 2024 and forecast weakness in its electronics and consumer segments for the current and... — read more
Why stock crashed today
I thought we're back to the right track
Toxicity is accepted at 3M
No employee should have to work in a toxic work environment. Working in a toxic work environment makes people sick. All employers should make sure their employees are not working with toxic managers and/or in a toxic work environment. The 3M... — read more
Ethics & Corruption
Today news circulated within MSD that several representatives in the wonderful A6 region were terminated due to E&C violations. Additionally, 1 rep was terminated in the very unethical A9 region, their manager put on leave pending further... — read more
Covid Vaccine back at 3M Healthcare
Better get up to date with those booster clot shots or you may be canned.
Sept 6 CEO Huddle
Anything we think will be announced at this, or will it be generally pointless? Do I log on at 7 AM to pretend I care?
Gaslighting
I am tired of being gaslighted by my manager. I worked for other companies in the Twin Cities and 3M is the only company where it seems 3M teaches its managers the art of gaslighting to a perfection. Previously someone mentioned the favorite... — read more
Industrial Mineral Products Division of 3M
IMPD is being sold by 3M to a Chinese consortium. Employees will be terminated and then rehired at a more competitive pay rate as determined by the new owner. Deleting posts will not eliminate the sale.
IMPD Sale
What happened to the post regarding the sale of IMPD? Why are these posts being deleted?
Employee survey
Looks like HR is listening here
Notice
Can my manager require one month of advance notice from people who are resigning? He claims that it's within his right, but I call bullsh-t. Has anybody run into something similar? I'm not going anywhere just yet, but it seems ridiculous that I'd... — read more
Post-it maker 3M is in danger of coming unstuck
3M’s pollution prevention pride came long before its looming fall. The sprawling industrial conglomerate in 1975 helped pioneer corporate sustainability by aiming to stop harmful contaminants in its manufacturing processes, an initiative showcased on... — read more
3M Settles U.S. Probe Over Tourist Trips for China Officials
3M agreed to pay more than $6.5 million to settle a U.S. foreign corruption probe after marketing employees of a China-based subsidiary took healthcare officials on secret tourist excursions to the U.S. and Australia. 3M’s China unit funded overseas... — read more
Ever Wonder Where The Idea To Spin Off 3M Health Care Came From???
The idea came from GE. GE’s announcement below. IF YOU WANT TO KNOW OUR FUTURE, LOOK AT GE’s PAST. Old GE Announcement: “GE will spin off its healthcare division, GE Healthcare, in early 2023 as part of a larger effort to separate the nearly 130... — read more
Walgreens CEO out
Walgreens has lost half its share price in their under 3 year tenure. The Board just pushed her out.
Lack of direction
Does anyone feels there is lack of direction still? I am working at factory level, but we don't know what's happening at the business side. It doesn't seem the latest ESC setup is any different from A3M.
Is Moni Money the next CEO?
Wondering if the president title is the indicator? We are all in for more years of moni ?
Great Company, awful Senior Management
I have been with the Company over 30 years, gone as part of the recent restructuring . I was a loyal, proud 3Mer, but the way I have been treated is appalling. I can't wait to go. Mike Roman is awful, loads of yes people telling him how good he... — read more
Layoffs are Great in Europe
Just layed off in last weeks from CH 6 months fully paid garden leave then 12 Months salary as a lump sum Happy days thank you Mike
I retired 1 day ago
The culture has changed from one end of the spectrum to the other in 29 years. I wish all still there the best, great people but poor culture compared to 29 years ago. So I leave all still working this... — read more
3M Code of Conduct
I just read 3M’s policy on a respectful workplace again. I truly think if 3M followed and enforced the Code of Conduct this company would not be as toxic, employees would be happier and, possibly, 3M would have a better chance of survival. The most... — read more
Layoffs so far
Anyone know if this round of 8500 layoffs has completed yet? Seems like USAC is done but what about other countries and regions? Would be nice to know the status and not have to live in constant fear that you are next on the chopping block... at... — read more
3M Lawsuit Investors Ordered to Be Unmasked Amid $6 Billion Deal
3M Lawsuit Investors Ordered to Be Unmasked Amid $6 Billion Deal - Bloomberg *3M to pay $6 billion to settle some 260,000 earplug lawsuits *Lawyers have 30 days to submit info on outside funding *A federal judge wants to know how much of a $6... — read more
Jet Update - August 30
Much quieter these last couple weeks. N73M: Flew out to Springfield, MA today. N83M: Day trip to Knoxville, TN - Presumably Clinton plant visit Overnight to Providence, RI and returned. N93M: No flights since last flurry of activity. — read more
Mike Roman's Performance
Roman has been leading 3m for around 5 years. That includes the Covid pandemic where a shortage of N95 masks led to a global shortage. He also has had to navigate two major litigation cases while facing scrutiny from a top investor. With that said... — read more
Quiet Cutting
Companies are now "quiet cutting" workers. Here's what that means. Some companies are reassigning workers in a way that's sending them mixed messages. Emails informing employees that their current job role has been eliminated, but they have not been... — read more
3M Huge Win Over Vets
Experts around the world estimated this defective ear plug product was a $8 to 25 billion liability. Vets now cheated with settlement of about 30 cents on the dollar. After legal fees each vet gets only 11k for hearing loss. How did this happen... — read more
Does 3M monitor our laptops?
Curious to know how much faith they have in us.
Enough is enough
I've had more than enough of feeling like no matter how much effort I put in, it's never good enough for this place. I've finally realized it's not about the quality of my work but rather it's about favoritism from the managers. I can't change that... — read more
How will 3M pay for all the settlements?
$5.5B for earplugs and $12.5B for PFAS. SpinCo will give ParentCo about $7B in one time dividend/payment and the 19.9% ownership of SpinCo should be worth about $6B. That'll be about $5B short, and the smaller RemainCo won't have as much income to... — read more
Employees are numbers and that's that
The ELT only cares about profits. They'll do whatever they can to achieve it, including making stupid decisions that will cost the company in the long run but will make them look good right now. The sad thing is, this is not 3M exclusive. Wherever... — read more
Hey Kevin - nice job settling the case you created
See: https://www.wsj.com/articles/3m-earplugs-fight-stems-from-self-made-legal-battle-11658156756 So first you create this mess, then promise to settle for $1B, now it is $5.5b. How do you sleep at night?
Aberdeen must not have taken their DEI training....smh
https://www.yahoo.com/news/monkey-manufacturing-plant-3m-sued-170316366.html
3M agrees to pay more than $5.5B in settlement over military ear plugs - Bloomberg
3M Co. (NYSE:MMM) tentatively agreed to a more than $5.5 billion in a settlement to resolve over 300,000 lawsuits claiming the company sold the US military defective combat earplugs. Under the settlement, 3M is expected to pay out the money over 5... — read more
How long will investors allow current management to keep their jobs?
https://www.fool.com/investing/2023/08/26/is-trouble-brewing-for-3m-investors/
3M Earplug Lawsuit News
August 24, 2023: We have not mentioned the possible 3M earplug settlement in a while, so here is our latest thoughts. The conventional wisdom is that these claims will settle sooner rather than later. We have had high hopes of a resolution before... — read more
SEC Charges 3M
SEC Charges 3M with Foreign Corrupt Practices Act Violations Relating to China Subsidiary Washington, D.C.--(Newsfile Corp. - August 25, 2023) - The Securities and Exchange Commission today announced that 3M Company agreed to pay more than $6.5... — read more