Topics regarding layoffs at 3M

Topics regarding layoffs at 3M

Roman

When is he going to retire and enjoy his full pension? Every time I hear something from him, I wonder whether Monish might be better. Which is a terrible thing to think.

3M’s Stock is Like a Dog with Fleas

Thanks to the person who shared the article “3M’s CEO is in line for a $26 million pension — as company freezes the plan for employees”. I loved the analogy that our stock is like a dog with fleas. I feel so sick to see MR is making so much money... — read more 

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| 2020 views | | 7 replies (last January 14, 2024)
Post ID: @OP+1qviU25I

AIP and SIP consistency

Hello, I’m wondering if there’s consistency behind who is on AIP vs SIP. Some changes to the plans in the past few weeks make me think it’s rather sporadic. How is this decided?

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| 1334 views | | 1 reply (January 10, 2024)
Post ID: @OP+1qt9pDGy

Be Bold

MR, what are your top regrets over the last 5 years and how are you working to correct them?

U.S Pension Plan Actions

It was only a matter of time. Perhaps this is one of the reasons so many of our leadership have left. Another sign that our once great company is going by the wayside. Very had to watch.

Boeing

It is truly incredible how McNerney and GE parasites have destroyed multiple formerly great American businesses.

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| 1980 views | | 5 replies (last January 12, 2024)
Post ID: @OP+1qsBDczO

Execs leaving Jan 2

Did anyone see all these losses? CH, KJC, MCB, et al? This is a bloodbath.

3M Layoffs 2024

What's your prediction as it relates to the possiblity of 3M layoffs? Any chatter, news or rumors?

What's in 3M's future? Additional litigation, a dividend cut and eventual bankruptcy reorganization. See Reuters article.

More PFAS litigation in 2024 coming. More liabilities to soak up cash flow. Dividend cut in 2024 a certainty. 3M knew PFAS was hazardous. 3M knew the chemical was showing up in the environment, in animals and in humans. 3M continued to produce these... — read more 

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| 3490 views | | 12 replies (last January 8, 2024)
Post ID: @OP+1qixe74U

Stock option from 10 years ago still underwater!

Stock options from 10 years ago will expire in early February. Any chance company will re-state option price or extend option expiry date? If stock option expires, is there a tax write-off?

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| 2380 views | | 7 replies (last January 5, 2024)
Post ID: @OP+1qiNb3ZB

Happy Holidays!

This is a great time to think of all the people who lost their jobs and those struggling to stay working at what was once a great American company. Also time for the Executive Committee and all the Steering Committees to reflect on all thousands of... — read more 

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| 2790 views | | 8 replies (last December 28, 2023)
Post ID: @OP+1qdAaOs2

I've started looking for a way out

I've been applying to any job that's within my qualifications/interest for about ten days and so far I have gotten no responses. Is this normal? It's been a while since I last applied for a job and I can see things have changed significantly. Still... — read more 

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| 2580 views | | 8 replies (last December 27, 2023)
Post ID: @OP+1qbOXXcO

Layoffs in January

Am I wrong to assume that layoffs will continue immediately in January?

by
| 2940 views | | 7 replies (last December 20, 2023)
Post ID: @OP+1q9Swkxh

Sibg market center

So any insights on what’s going to happen with the global market center with MB leaving??

by
| 2621 views | | 6 replies (last January 1, 2024)
Post ID: @OP+1q8VPbHN

3M Austin

Anyone else hear the rumor EMD rolls up into an industrial division and walks away from our long term lease here? The VP has definitely lost the locker room. Literally tumbleweeds on the floor. And if they say no, do we trust that?

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| 2620 views | | 6 replies (last December 16, 2023)
Post ID: @OP+1q4gUEmd

Where's the Pivot?

Our leaders have determined that its very own employees are to blame for the state of the company. Our greedy leaders have time and time again denied funding to improve plant safety, this is a fact that can be proven. Today our executive leaders are... — read more 

3M Spain

The situation in the subsidiary in Spain is horrendous, cold in the offices just to save on heating, a dirtier building because they have cut cleaning services, a building with the same carpet since it was inaugurated forty years ago, no possibility... — read more 

Why is everyone so angry?

All you have to do is hire a consultant to do any actual work and collect your cash award from PG. Your job is much easier than you think.

by
| 1800 views | | 5 replies (last December 13, 2023)
Post ID: @OP+1q2OpInd

Going Under

10 Signs Your Company Is Going Under There's a Hiring Freeze Closed Door Meetings Are Everywhere The Good Employees Start Leaving Layoffs and Reorganizations Are Constant Playing It Safe Is Encouraged Everyone Is Unhappy There's... — read more 

AIP through Q3?

I’m sure everyone’s expectations are low, but what are the current AIP payout percentages through Q3?

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| 2440 views | | 7 replies (last December 12, 2023)
Post ID: @OP+1q11FGCH

New AIP structure?

I am financially illiterate and have a hard time comprehending corporate jargon. Can someone explain to me how the new aip structure is different than it has been?

EMEA- UK Benefits

Heard that UK benefits are getting cut. Anyone heard anything or experienced this at other locations in EMEA region?

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| 1225 views | | no replies yet
Post ID: @OP+1pVf5FgR

Where Will 3M Be in 1 Year?

The company's dividend payout could be under threat. Management appears to be growing profit margins again as it restructures the company. 3M's end markets could improve in 2024, but it could get worse before it gets better. One thing is... — read more 

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| 2910 views | | 6 replies (last December 11, 2023)
Post ID: @OP+1pUdJN0R

CBG Town Hall

Scheduled today for tomorrow. Any idea the announcement?

Some observations

This page tends to have about 20 regular posters. At least half are former 3Mers, the rest are primarily upset current 3Mers. Meaning of the regular posters on here only 10 current 3Mers (from 80,000ish). On average a post has around 2000 views... — read more 

ESC town hall video - tone def

Anyone notice how SVP of chem ops could not even say thank you to her team without reading notes. Same with SVP of business supply chain, reading from a script. They Can’t even make a recording sincere, no wonder employee surveys results were so... — read more 

TLO Su-ks

This site is BS, they are clearly controlling the narratives!

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| 1670 views | | 5 replies (last December 2, 2023)
Post ID: @OP+1pOWK5sh

It's really disheartening to see 3M crumble

All that untapped potential going down the drain, people having to endure so many hardships, and the whole greed factor - it's unfathomable. It's not just about the financial downfall, but the toll it's taking on us as employees. Witnessing it... — read more 

Lot of whiners here

I agree that 3M isn't perfect. It might even be on the way down. But to read the threads here, it's nothing but people who have left the company years ago complaining about how mean their boss was. I'm certain that not every manager at Mother M is... — read more 

Promotions and Pensions

How much of a bump in pay can be expected with a promotion? What %? What is typical for worker bees? I know I'm beating a dead horse here but is there any sign of life around a pension decision for RemainCo or Solventum??? Major life decisions... — read more 

Retaliation

Has no end at 3M. Seems they're finding any excuse to cover up their sh-t and get rid of more people at plants. Ethical is laughable at this corrupt, disgusting company. I'd be ashamed to sleep at night.

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| 1820 views | | 3 replies (last November 27, 2023)
Post ID: @OP+1pItLtNt

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