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
This announcement, while disheartening, was not unexpected
There are a couple of noteworthy things. 1) The five year notice is decent under the circumstances. 2) It clearly gives a data point on the time frame and trajectory on the future. Most companies no longer want the long term liability of... — read more
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?
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.
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
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?
A total reset in strategy and executive leadership is necessary
I’m a former 3Mer with nearly 20 years experience with roles in lab and commercial for a few businesses. 2008-2009 was tough, but understandable. At that point I felt that there was fat to cut, and the cuts seemed targeted at reducing that fat. The... — read more
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
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
Existing employees: we should unionize
Thoughts?
Layoffs in January
Am I wrong to assume that layoffs will continue immediately in January?
Sibg market center
So any insights on what’s going to happen with the global market center with MB leaving??
Predictions for 2024
What will be on the list ? More layoffs which is a given. ......
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?
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.
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?
CBG USAC layoffs happening
More layoffs this week. What a mess. Just sell the business and stop ruining people’s lives!
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?
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
CBG Town Hall
Scheduled today for tomorrow. Any idea the announcement?
Solventum, What?
Solventum sounds like a hemorrhoid cream.
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!
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
West Med layoffs announced today
More layoffs announced in today's Townhall in West Med. Around 50 positions impacted, starting in 2024 Q2.
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.
How would you rate the performance of your direct manager?
I'm curious to see if there are any competent managers left at 3M. I'd give mine a 2 on a 1-10 scale.