“ In a separate ruling, Rodgers on jurisdictional grounds dismissed a lawsuit by two veterans seeking to block 3M's planned spinoff of its healthcare business, which they called an illegal attempt to avoid compensating veterans”... — read more 

So, let's say someone gives you all the power and the corporate steering wheel - what would you do to save 3M?

Looks like precedent may be getting set as ruling goes against another company trying to use bankruptcy as a shield in talcum powder case 3M is using same strategy.

The JNJ loss in the 3rd circuit ki-ls 3Ms last chance to avoid chapter 11. Smart investors and retirees should: Sell all shares even those in GESPP. Eat the losses for the tax year. Going to zero in 3 years. If you can, start your pension... — read more 

To get to the other slide!! We see u segment marketing, with your snake oil!!

Does 3M still have a presence in Austin? I know they sold the old campus and Austin plant and were moving to a new leased spot at the Domain before Covid. They also sold CMD and I know EEBG merged with another BG. Anybody left at the Austin center?

Been away for a little while. What performance ranking system is the company using these days. Is it the dreaded GE 5 (best) to 1 (worst) with forced percentages for each segment. Or is it something kinder and gentler? As a retired leader, did I... — read more 

3M IT ran for 100 years with only one SVP, now there are many. Given 3M needs to cut costs, why not eliminate the excessive SVPs? It’s actually crazy that Mark and Monish can justify this.

The morale for the EO manufacturing team is at rock bottom now. Everyone is worried about whether they are part of the 2,500 to be laid off. How are the leaders going to motivate their employees to improve and contribute to growth?

If I were in the leadership of a company, I would be embarrassed because I would consider it my personal failure that a large number of people here wants to be laid off despite the fact that landing a decent job now will not be easy.

Plants need to cut costs so we're being told not to bring in volume. With the conflicting metrics and communication from exec leadership, the end message is we don't value sales and we don't want more sales.

Are we keeping the corporate strategy group of MBAs? All the folks on the line, in the field, in the lab, etc, have to lose their job but all the coddled mba graduates that have accomplished nothing get to stay on qnd get their butts pampered so they... — read more 

The WARN Act requires an employer to notify employees, in writing, 60 days before a layoff, and pay the employee for those 60 days, in addition to any severance the employee may be entitled to. Unfortunately, some employers attempt to circumvent the... — read more 

Mike & gang should resign.

From Harvard Business Review: "If You Think Downsizing Might Save Your Company, Think Again" Firms often downsize because it is seen as a way to reduce costs, adjust structures, and create leaner, more efficient workplaces. But new research... — read more 

Just as Freddy made a living from Nightmare on Elm Street and many sequels, slashing and ki-ling people, Mike is doing his best in the 3M spinoff Nightmare on McKnight Rd. Freddy never ran out of people to scare and maim and even ki-l, Mike on the... — read more 

It will hit sooner than you thought!!

Anybody heard of "Advanced 3M" anymore? Leadership trying to cover up their extremely poor decision making with massive investments in SAP / business transformation with little to no benefit to the bottom line. There is a reason why leadership... — read more 

I'm a long time employee who's been retired a few years but can share a bit about the workplace psychology over the years when layoffs threatened. I spent close to 20 years in lower level leadership (never made it to the vaunted LG15 and up, but... — read more 

Leadership has made the bold and courageous decision to have production planners report into mfg plants…exactly where 3M was 2 years ago. Current leadership has us going in circles instead of moving forward.

The only constant under Mike Romans time in charge is yearly layoffs. 6 straight years of layoffs. Let’s make sure he gets credit for such an accomplishment. Anyone know his total number so far? And still growing too!

Coming out of the sourcing townhall, it seems clear that 'leadership' is also reliant on 3rd party consultants to direct where the organization should go. They have no clear vision and direction. No proper planning and alignment was done before... — read more 

3M total number of employees in 2021 was 95,000, a 0.01% increase from 2020. 3M total number of employees in 2020 was 94,987, a 1.22% decline from 2019. 3M total number of employees in 2019 was 96,163, a 2.83% increase from 2018. The most recent... — read more 

Well everyone who is looking blood red in their GESPP must be so proud Mike has "earned" a cool 250k per each dollar loss in 3M shares. Tireman is probably making decent dough and flying 1st class and eating like a Rockefeller on 3Ms dime... — read more 

Does anyone know percent white adult males over 35 will be let go?

I haven't noticed that people try to be more productive and do their best when in fear of layoffs. You? Moreover, I would say that they are more likely to decide on quite quitting.

What does typical Severance package look like for US employees?

https://minnesotareformer.com/2022/12/15/toxic-3m-knew-its-chemicals-were-harmful-decades-ago-but-didnt-tell-the-public-government/ You be the judge.

3M, the Minnesota Mining and Manufacturing Company, announced it would cut roughly 2,500 global manufacturing positions in a financial report on Tuesday, as chairman and CEO Mike Roman said the company expects “macroeconomic challenges to persist in... — read more 

🤡Do not touch work from home!

While laying off 2500 of its manufacturing skilled labor, 3M is promoting a DOCUMENTARY it made about the importance of skilled labor. No wonder the company can’t hit sales quotas. They’re too absorbed in making ironic documentaries to enter at the... — read more 

Severance is not required by law, so I'm wondering if there's a chance that the leadership (and I use that term very loosely) can decide to reduce the costs of layoffs by further reducing severance for those affected? That is something I wouldn't be... — read more 

As Chairman of the Board and Chief Executive Officer at 3M CO, Michael F. Roman made $15,222,046 in total compensation. Of this total $1,337,487 was received as a salary, $3,131,774 was received as a bonus, $5,250,960 was received in stock options... — read more 

Stock down 6.25% after 4q earnings call. Winning? Go back to approving ink pen requests....be sure to make sure Quality reviews the request to make sure it is indelible blue or black ink. It will take at least two JG 14 - 16 to make that decision. Is... — read more 

2500 is the ball park number but going by past cuts every year the last 6 years, the number will never be approx, the good news is that it always seems to be less than reported, so in these worrying times please help yourself if you are affected by... — read more 

I wonder how long it's going to take them to give us more info. Now that we know layoffs are coming and how substantial they'll be, chances are they're going to keep silent for weeks and let us stress and worry over it before they share any other... — read more 

https://www.reuters.com/business/retail-consumer/3m-profit-falls-charges-weakening-demand-2023-01-24/