Thankfully I was able to get out of most of my 3M stock in 2020 at $161. Soul crushing knowing that I purchased 3M stock for the past 30 years as part of the GESPP. I have been out of the GESPP for awhile now, but stayed in a lot longer than I should... — read more
Any VP and above executives laid off in the latest R&D or IT cuts?
Curious to know if they’ve taken ethics and compliance violations into account or even lack of growth, as they made these decisions
3M is promoting incompetence
Why are we promoting incompetence at 3M? The company often puts people in positions that they don't really deserve, and then it becomes apparent that they're unqualified for the job within a matter of months. And nothing is done to correct it! How... — read more
invest in 3M Spain
why so much investment in UK?, losses are greater in UK , in Spain big future is ok, no?,
Innovation Centers -- still operating?
Are any of the Innovation Centers still operating/staffed outside of the building in Maplewood? At one point there were over fifty 3M CICs/CTCs around the globe, but last I heard they were moved from Corporate Comms to R&D a little over a year ago... — read more
I need to find a new job as soon as possible
It's not just the lack of job security and the eroding benefits. I don't want my reputation aligned with 3M. I don't want to have my future career burdened by the years I spent here. Yes, I'm at the point where I'm ashamed of the company I work for... — read more
$91
Great job by the Executive Committee!27
More Layoffs
Corporate lab groups got whacked today. Sorry to those impacted. Clearly employees are not indispensable.
Is this a failed company?
This is a failed company. 3M has 40 pages of Commitments and Contingencies in their 10K. This is a fancy heading for Legal Matters. Read all 40 pages and then tell me this is a good company. Dividend cut coming this year. Bankruptcy reorganization by... — read more
3M HR is toxic
Do not trust HR. Do not trust HR. Do not trust HR.
PFAS in Washington’s well water could make you sick by. Andrew Engelson / February 14, 2024
The town of Tumwater, on the outskirts of Olympia, has long been known for its crystal-clear drinking water. The now-defunct Olympia Brewing Company built its reputation on the area’s artesian springs, adopting the tag line “It’s the Water.” The... — read more
3M is a HUGE failure
From $110 to $92.40 what a shame. This iconic company stock should be removed from exchange because the stock performance is not aligned with index. There are a few iconic stocks which should be removed from index because of poor performance. 3M is... — read more
Any thoughts on CBG being sold off? People say it is the next after healthcare.
People say it is the next after healthcare. Any thought about the feasibility?
3M's TOP CULTURE HALLMARKS
PROMOTING SELF-SERVING LEADERS NEGLECTING WORK-LIFE BALANCE PUNISHING MISTAKES HARSHLY IGNORING EMPLOYEE FEEDBACK SNUFFING OUT INNOVATION
Q1 ESC townhall
Anything interesting that in shared today?
PFAS is safe
3M continues to maintain that "3M’s products, including those containing PFAS, are safe and effective for their intended uses in everyday life." From the 1930s to the 1950s, cigarettes were ‘physician’ tested and approved. 3M is on the wrong side of... — read more
why are they looking to terminate good people
In recent times, there has been growing concern and speculation about 3M's approach towards employee accountability and adherence to health and safety procedures in its operations in England. Allegations suggest that the company is taking a stringent... — read more
First PFAS "Forever Chemicals" Consumer-Initiated Test with Physician Consult Launches on questhealth.com
CISION NEWSWIRE *Directed at individuals who may be at risk of elevated PFAS exposure, the new test detects and measures PFAS identified by National Academies of Sciences, Engineering, and Medicine *Organizations interested in workforce, community... — read more
Corp IT to shed 100s before hardspin
Rumor mill is churning. Big impact to IT and D&A just before hardspin
Michigan Supreme Court to Hear AG Nessel’s Appeal on Rule Limiting PFAS Contamination to Drinking Water
LANSING – The Michigan Supreme Court has agreed to hear the Attorney General’s appeal of an August 2023 Court of Appeals ruling regarding 3M Company’s (3M) challenge to the State’s per- and polyfluoroalkyl substances (PFAS) standards for drinking... — read more
Judge Weighing 3M’s $10 Billion PFAS Offer Frets Over Bankruptcy
Anyone have this article? Judge Weighing 3M’s $10 Billion PFAS Offer Frets Over Bankruptcy https://news.bloomberglaw.com/environment-and-energy/judge-weighing-3ms-10-billion-pfas-offer-frets-over-bankruptcy
"Earned the right"
"Earned the right" phrase is the best ridiculous theme so far this year. Its insensitive, callous and unsympathetic. 3M polluted the planet's water supply and provided safety product that led to hearing loss of hundreds of thousands of military... — read more
About that time of year again…
Anyone hearing any rumors about Q1/Q2 layoffs?
Stock price
Remember when everyone was complaining about $95 stock price or even
Zero leadership
If you want to know what's the cause of all of our troubles, it's right there. Zero leadership. And yet they get paid the big bucks to ruin this place further. Make it make sense, please.
Anyone Know the AIP Numbers?
I was in TEBG for 50% of the year. Anyone know what the TEBG AIP numbers are coming in at?
MMM GESPP Executive Behavior
Moni Potti, our beloved CFO, does not (and never has) participate(d) in the GESPP. He apparently doesn't think the 15% discount is a good deal. If you participate, please look yourself in the mirror and ask why.
3M is broken
Everyday is filled with people not knowing a process or who to go to or a system not working and lots of tickets and workarounds. It feels like a lot of underlying frustration close to coming out. Probably a lot of poor decisions over time, but... — read more
Toxic HR
They all need to go at the lower level. The amount of toxic behavior and prevention they put on lower management to do their jobs is disgusting. Cattle masters herding the sheep management to obey. They do nothing when it comes to real employee HR... — read more
RSU Vesting Date
Hey all. Per Fidelity, today is the date that RSUs are supposed to vest. They show up as non-vested, and per live chat with Fidelity, they are waiting for 3M to process the shares. I do not recall this happening before, but my memory may be faulty... — read more
High-level European politicians contaminated by PFAS
'No one is immune': High-level European politicians polluted by PFAS Wednesday, 31 January 2024 Brussels Times By Lauren Walker Blood tests carried out among several key European politicians and MPs have highlighted the extent to which the... — read more
Former CEO Jim McNerney fostered cost-cutting cultures at Boeing and 3M, which had long legacies.
Former CEO Jim McNerney fostered cost-cutting cultures at Boeing and 3M, which had long legacies. By Liz Fedor January 30, 2024 While it’s been almost 19 years since McNerney was CEO of Maplewood-based 3M, his imprint on the corporation surfaced in... — read more
I'm done
This isn't the same company I went to work for nearly ten years ago. Over the past several years, most of the choices the leadership made for where our business is headed or the rules they've set have just been plain bad. It's all frustrating and... — read more
Pension change class action lawsuit
Anybody heard of any lawyers pursuing 3M for age discrimination for eliminating the pension? Portfolio 1 should all be over 40 and be in protected class.
“We don't need to win back employees. We need to win forward employees.
Wow! Kinda tone deaf brother. Maybe MR needs to get out on the floor and get a real feel on us peons that make things happen. Maybe he would then see the that the ones who actually cared and were knowledgeable don’t give a sh&t anymore. I have never... — read more
POINTS THAT SHOULD HAVE BEEN COVERED IN TODAY’S MEETING
• 3M recently reported earnings, leading to a 12% stock decline. We’re surprised the stock is not in the mid 80’s. • Ongoing litigation, no it’s not even close to complete. • We have faced challenges for the past six years without showing a... — read more
Earned the right? What a terrible line!
One line after another of distasteful comments. Leaner and stronger?? What? Earned the right? No MR. No way!
CEO HUDDLE
Congratulations for combat arms settlement and meeting the deadlines!! Good progress.