When asked why the share price have halved, MR didn't even bother to address the question himself !!
3M Insider Trades Send a Signal
Rodriguez Beatriz Karina Chavez, SVP & Chief Strategy Officer at 3M reported a large insider sell on October 31, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that... — read more
3M EVP & Chief Legal Officer Trades Company's Stock
Kevin H Rhodes, EVP & Chief Legal Officer at 3M reported a large insider sell on October 31, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Rhodes sold 5,703... — read more
Independent union wins bargaining rights at 3M in central Mexico
Independent Mexican union La Liga has won the right to represent workers at a 3M Co plant, authorities said on Monday, marking a second victory for the fledgling group at a pivotal moment for workers to take on entrenched... — read more
3M Earplug Lawsuit Update: 10/29/2022
October 29, 2022 Update: Judge Rodgers said Thursday the monthly settlement talks must resume. She also said she will allow an immediate appeal of her successor liability ruling, a strong sign she may rule for the plaintiffs. This is good. But... — read more
Announced verbally: A3M being dissolved
Meetings this last week consisted of leadership from both Enterprise Ops and BG Ops informing their direct reports that A3M will be reversed back to pre-A3M but they don’t know how it will look now that both Ops added people to fill the lanes of... — read more
High level honchos retiring early with 6 months extra salary
Rumor mill has it that some Director / VP level people have recently retired early and "negotiated" 6 extra months salary as part of their package ! Is there any truth in this piece of news ? How is the company allowing such malarkey when in tough... — read more
Layoff Poem
Layoff Author Unknown I cannot endorse your obvious redundancy due to the work force’s current abundancy. Our air of pathos is painful to bear with all life’s prosperity gone from the air. The garlands are down and the flambeaus blew... — read more
Michael DelVacchio Leaving 3M
Michael DelVacchio - Vice President, United States & Canada for Medical Solutions Division at 3M https://www.linkedin.com/in/michael-delvacchio-4281517
Up 17 dollars in 3 weeks!
Like I said before, Mike and Monish should take a long and well deserved bow. Go team go!
Saw comment on linkedin
I saw a comment in one of 3M's posts saying: "3M soon to be Honeywell - talks going now" is there any truth behind this or just a troll comment?
3M Earplug Lawsuit Update: 10/26/2022
October 26, 2022 Update: 3M asked Judge Rogers permission to file another motion in on the successor liability motion for summary judgment plaintiffs' lawyers filed in the Wave 1 cases. See October 11, 2022 update below. Yesterday, Judge Rogers... — read more
3M ranks #35 on Forbes World's Best Employers list
It feels like the 2022 Nobel Prize winners in economics...
Over 120 for the 1st time since early September
Should Mike and Monish take a bow for growing shareholder value?
3M Earplug Lawsuit Updates - 10/23 & 10/24
3M EARPLUG LAWSUIT UPDATES: October 24, 2022 Update: 3M wants to pretend that Aearo is a seperate company from 3M. But it can't muster the energy to even pretend. Aearo wanted to hire Kirkland & Ellis as bankruptcy counsel. But that same law firm... — read more
Industrial giant 3M exploring hemp to overcome an urgent pollution challenge
https://hemptoday.net/industrial-giant-3m-exploring-hemp-to-overcome-an-urgent-pollution-challenge/
As an investor, I hate everything about 3M right now.
As a former employee I am so sorry for all the employee has to suffer right now
3M lowers full-year forecast on dollar impact, uncertain economic environment
Oct 25 (Reuters) - U.S. industrial firm 3M Co (MMM.N) on Tuesday cut its full-year revenue and profit forecasts, expecting to take a hit from rising inflation and shrinking overseas earnings due to a stronger dollar. Shares of the company were down... — read more
3M Reports Third-Quarter 2022 Results
Q3 Highlights Company reports GAAP earnings per share of $6.77. Adjusted earnings per share of $2.69, excluding the impact of special items. Sales of $8.6 billion, down 4 percent year-on-year, which included impacts of negative 1 percent from... — read more
After lousy 3rd quarter results, more cuts coming
No doubt 3M will publish some Friday afternoon announcement about "rationalizing" its global footprint, meaning 1000s more will see the exit stage right. Are they any 50+ crowd left who are just hoping for a package to leave. Your wish may become... — read more
3M Stock - Worst Performance In 48 Years
The last time 3M stock performed this poorly was 1974. Gasoline was $0.53 per gallon and Gerald Ford was POTUS. Will anyone in senior “leadership” be held accountable? Will the earnings call on October 25 be anything other than happy talk? Mike... — read more
Oppenheimer's Ari Wald on 3M: More attractive opportunities elsewhere
https://www.msn.com/en-us/video/other/oppenheimers-ari-wald-on-3m-more-attractive-opportunities-elsewhere/vi-AA13krgi
Today CNBC
Commentary on mmm - check it out ; not highly complementary
🤡Alan Amron Post-It™ Note Inventor $400M Lawsuit
I'm really worried about this too. Alan Amron launched a further suit against 3M, suing them in federal court in Fort Lauderdale, asserting that 3M were wrongly claiming to be the inventors, and seeking $400 million in damages. Amron said, "l just... — read more
3M: Risks Likely Baked In (10/23/2022)
Oct. 23, 2022 12:11 AM ET https://seekingalpha.com/article/4548328-3m-risks-likely-baked-in
Will share price tank below $100 after Q3 earning call?
With the multiple head winds and poor outlook, anyone thinks share price will dive below $100 this week?
Keep looking
Whether there will be more layoffs or not, never stop looking for that next job. If you're still at 3M a few years from now when things go completely to he-l, you'll only have yourself to blame. Use this time to get out of this hellhole and your life... — read more
How to file for retaliation
How do you file for suspected retaliation? Where do we report it?
Did any teams get "right-sized" this week?
Another 1990s buzzword. Right sizing. Yeah, right! Only for people below LG14. I haven't any buzz this week, maybe HR is planning for a big DEI Halloween bash and didn't have time for walking long time employees to the gate. Good luck to all (who are... — read more
Settlement Administrator Angeion Group Announces Proposed Settlement in Wolverine and 3M PFAS Class Action (10/19/2022)
The Defendants have agreed to pay fifty-four million dollars ($54,000,000) into a Settlement... — read more
DuPont, Chemours, 3M Sued by N.C. Attorney General Over PFAS (10/19/2022)
Another lawsuit … https://news.bloomberglaw.com/environment-and-energy/dupont-chemours-3m-sued-by-n-c-attorney-general-over-pfas
3M Is Sailing Into A Severe Storm (10/20/2022)
https://seekingalpha.com/article/4547728-3m-is-sailing-into-a-severe-storm
3M Company Is Approaching The Point Of Maximum Pessimism (10/20/2022)
3M Company (NYSE:MMM) declined 35% year-to-date and clearly underperformed the S&P 500 (SPY). And not only did the stock underperform the broader market this year, 3M Company is constantly declining since 2018 (for almost 5 years now). Factoid: Mike... — read more
Before the Train Wreck
I’m planning a separate thread that contrasts the day I was hired to the day I was layoff 40 years later! Stay tuned! Fantastic topic in 3M’s career experience decline. Sprinkled with facts, data, anecdotes and humor. It will be like Animal House... — read more
More positions to move into the GSCs?
There are rumours from several sides that even more positions are planned to move towards the GSCs, just 300-600 in EMEA/Poland alone. Anyone heard the same or can confirm?
Rumor says plants closure in Q4
Do not know where
Enough said
https://www1.salary.com/3M-CO-Executive-Salaries.html
Are 3M D&I priorities creating reverse discrimination for hiring decisions and leadership promotion?
I think the title speaks for itself. 3M has always been a company that lives at the extremes of the pendulum. I am a believer in D&I and equality for all, but not at the expense of others. Thoughts?
Next Chapter…
https://example.com/5evwv3ct
Fortune 100 Best Companies to Work For® 2022
https://www.greatplacetowork.com/best-workplaces/100-best/2022