This leadership is terrible. Do they even care about the growth of this company? I don't think they are dedicated to it at all. It is precisely for this reason that I don't feel like staying here anymore because it's hard to imagine a bright... — read more
Bad all around
3M is too risk adverse to show any true growth anymore. Their litigation issues has put them into so much fear that it’s impossible to innovate. 3M is trying to approach product launches like P&G but they are clueless, slow to market, saddled with... — read more
Jet Tracker Update - June 10
As usual, the movements up to June 10th. All trips were round trips from St. Paul N73M: May 30 - Day trip to NYC / CT - Westchester County Airport June 1 - Day trip to Philly June 7 - To Chicago, still there as of this post. N83M: No... — read more
$466 million on Attorney fees, WTF!!!!!!!!
In January 2023, 3M disclosed it had spent $466 million on attorney’s fees so far. 3M has continued to focus on the bankruptcy of Aearo as the best avenue to resolve the claims, but in May 2023, the judge ordered 3M CEO Michael Roman to attend... — read more
I've had enough of this
I used to fear losing my job here, but the uncertainty and stress is only costing me my health and happiness. I'm probably not the only one who would accept a slightly worse paying job now just to not be here anymore?
https://stocks.apple.com/AWqAYOdg_RL-oIqE4QeKVqA
https://stocks.apple.com/AWqAYOdg_RL-oIqE4QeKVqA
Any feedback on the consultants being sent to plants
Consultants are heading to USAC plants to train employees. Plants pleas share feedback on what is happening in that training.
APAC layoffs
Looks like the cuts are propagating to APAC side. And need to be done by 30 Jun.
Trying in vain to get a new offer
But now I'm starting to get worried because I haven't been able to get anything for months. I wonder if it's just me or if there are many other people in this situation?
Retire at 60?
I was let go unexpectedly 4 weeks ago. I don’t want to face the indignities of interviews and being the proverbial new guy. I have no debt, and own my North Oaks home. I have about $2 million invested. I did get a severance package that includes... — read more
Campus feels like a ghost town, except in 223
Which feels both angry and sad. So many "leaders" walk around looking broken or arrogantly heartless. Just sell the campus to Hollywood so they can use the place to make zombie movies.
Reality Check
I love how in the job elimination TownHalls, they say 3M is “streamlining, positioning itself for the future” while completely glossing over what that means- My reality? Get laid off out of the blue. Two weeks later, father passes away. Should be... — read more
Team leaders
Serious question, why does every person who is given a title of ‘Team Leader’ immediately think that they are above their fellow workers!!! Do they not realise they are the managers little b##ches? I know this is not just the UK I am talking about — read more
Continous Improvement reports to Consumer
WHY does the new Continuous Improvement org report to Consumer Business Group? They ki-led Lean Six Sigma, created this, and I feel like it's bound to fail too
Leadership without vision
Maybe I'm wrong, perhaps they do have serious plans for the future of this company? /s.
No company cars with SpinCo?
I know many are losing their company cars , and rumor is when SpinCo happens there will be no company cars ? Can anyone confirm this?
Job applications
I've been actively searching for new job opportunities. Most of the job applications I've come across ask if they can contact my current employer. Typically, I wouldn't have an issue with choosing "yes" for this option. However, this time I'm not... — read more
And then they wonder why 3M is failing
theere is very little inveested in plants nowadays. a lot of equipment is held together by literally duct tape. we are so short staffed that our maintenance guys take out 3 bolts and put 2 bolts back in. everything in our plant is falling apart. the... — read more
Will you be retiring from 3M?
Is that something you still believe is possible?
What options are there other than layoffs?
What are the ways in which 3M can save money that doesn't include laying off employees? I guess we can sell more stuff, but that does nothing for those who work in the sold segment. What else is there to do? I'm genuinely curious about this. Are... — read more
Bringing thread Top - DoNot-Join - NewCo Healthcare
I noticed someone posted interesting chat in this Old thread “DoNot-Join - NewCo Healthcare” so brought this forward. See original here - Post ID: @5bzy+1mQNg42X It seems pretty obvious what has happened thus far: Remainco told the HCBG "Pick the... — read more
Consumer Brands worth significant value
Leaders that have never led at these levels! Catch phrases like “consumer centric” but with Leaders that don’t understand consumer business. Reduction of divisions leading to lack of focus and lack of business through prioritization! Lack of... — read more
3M Said to Be in at Least $10 Billion PFAS Pollution Accord
3M Co. struck a tentative settlement of at least $10 billion over water pollution claims tied to “forever chemicals,” according to people familiar with the proposed accord, the largest PFAS pact in the US and one of the biggest mass tort deals... — read more
Do we really need so many supervisors?
I can't think of a good argument why we need as many of them as we have now.
Sweat it out and hold it
When 3m is so cheap to invest in production amenities like ac or restrooms for employees. Got to save pennies on energy bill and let labor intensive production sweat it out till they have medical issues, feinting, or possible death from hitting... — read more
Uninvestable
https://finance.yahoo.com/news/3m-heads-trial-existential-143-110000116.html
Tiremans son one of the consultants
Tireman has spent millions of 3Ms $s on consultants to restructure, because he is in way over his head in his current role. Just so happens, tiremans son works at the very consulting agency which he hired and paid millions to. There needs to be an... — read more
Pension I question
Those of you who had pension plan I . Did you take the lump sum and roll it over into an IRA or leave it with 3M. I personally don’t trust 3M to not mess with it somehow so I’m going to roll it over but I was just curious what others are doing with... — read more
Operating margins
A few years ago there would have been alarm bells ringing everywhere, the minute businesses went below 20% OM’s and HCBG was always premium with high 20’s … look just where the company is now 17% total and not a business over 20% … healthcare became... — read more
The real reason for layoffs?
Is 3M being preemptive about a recession? Taking a drastic cut in order to appear recession resistant compared to its peers? Q1 wasn’t absolutely horrendous which is what made the restructuring more surprising. My thought is that leadership is quite... — read more
I want out, but the job market sucks right now
I have no faith in this company anymore. No trust for the leadership. No confidence that my job will exist in a year. I want to leave. But I'm not one of the ones that were laid off; I can't simply add the green "Looking for Work" circle to my... — read more
New SVPs
Saw that two new SVPs poached from IAC Group. Any relevant experience they could bring to transform 3M?
Pension Plan 1 Employees Eliminated between age 50 and 55?
Does anyone know how many employees have been let go who were over 50 but not yet 55, with Pension Plan 1? The VP mandated my director eliminate me (age 54) vs an employee age 59 because 3M can save more if the employee is not able to retire. I... — read more
What would boost stock, Mike Roman retirement announcement
Only thing that will boost stock right now is if Mike Roman would announce retirement. That and announcement for a successor. It would be a short boost but it would help.
Don't be too picky
The economy might not be in a recession yet, but the number of layoffs continues to rise and with it, the number of unemployed people. In this environment, laid-off workers are going to have a hard time finding new jobs, and many will be out of work... — read more
Restructure Plan? There is none.
It was a cost cutting measure plain and simple. There is no plan to restructure to make things more efficient or do what your job description says. They eliminated key roles without any idea how to offset the workload. They talk about increased focus... — read more
Why would you hire a 3Mer?
Major skills: building a story in front of the upper management cooking the SFDC Experience: seasoned management professional with 22 yrs of experience with one company.
Business as usual
Anyone else had enough of all this? I'm ready to resume business as usual. I just want to jump back in and turn things around.
Right Management Experience?
Any of the laid off folks having a decent experience with Right Management and I just got stuck with a dud for a coach? Can you recommend your coach if so so I can switch to a better one? I'm trying to have a good attitude about this, but it has... — read more