Seems they just started the quarterly connection forum, claiming to bring employees together. Free food as well! Anyone think this will be sustainable to engage the employees, or it will die a natural death?
How about a RemainCo update? Nevermind SolventCo
Can someone from Kearny Consultants please explain what's happening with RemainCo? RemainCo execs. do care enough to say. Thanks in advance.
Solventum (SpinCo is finally named)
U.S. industrial conglomerate 3M said on Thursday its independent healthcare business would be called Solventum following its spinoff. 3M disclosed plans to spin off its healthcare business into a listed company last year, in which the U.S. industrial... — read more
Forbes Ranks Solventum #1 Most Admired Fortune 500 Employer
When will The Layoffs create a Solventum page?
Momentum does not mean nimble
Something with high momentum is usually the opposite of nimble. It's a total facepalm that they proudly drew that false equivalency (momentum = swift/nimble) in the first couple sentences of the press release. They should consider a PR strategy... — read more
As the ship starts to take on water
I was offered a job with SpinCo about two months ago. It would have been working for someone that I really detest. Having just emerged from a 2-year abusive boss relationship last May, it really felt far too soon to go into another one of these... — read more
New Name
How much time did they spend to come up with this ridiculous name, Solventum ? Honestly, if this is the best name they can come up with, I fear for their future. Probably millions of dollars down the drain for a d-mb name.
SpinCo updates?
Any updates on SpinCo timelines and activities? It seems like it should have a name registered by now, but not familiar with when it would be needed. I heard recently that there is something called silent recruitment happening, which I’ve never... — read more
Hiring freeze
Is there a hiring freeze at 3M? We've been begging for several positions to be filled for nearly a year with no luck. I can't believe it's taking that long to find adequate candidates. Our manager always has one excuse or another for why those... — read more
3M isn't the place to build a future
When the big solution to all the problems is just handing out pink slips, you can't help but see how clueless and desperate the leadership is. My tip for everyone is to dust off your resume and start exploring new job options. I've already got the... — read more
Avient Appoints 3M Ashish K. Khandpur as Chief Executive Officer
CLEVELAND, Nov. 13, 2023 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, today announced that its Board of Directors has unanimously voted to elect Dr. Ashish K. Khandpur as... — read more
Middle management
Middle management and layers were mentioned heavily leading up to cuts at corporate back around April/May/June. This sounded great, but seems like many cuts were to those on the front lines that knew stuff and did things, and there is still too... — read more
Consumer Business
Financials look horrid for consumer business. Holiday sell in off. Retail reporting earnings this week and don’t look good.
3M cuts
More cuts announced in EMEA this week, almost certainly a continuation of previously announced cuts. It is very emotional. Does anyone know when the announced cuts will be completed? Honestly thought we survived them, but maybe more still coming?... — read more
Changes under this CEO
How many COC executives have resigned to join other companies (not retired) since CEO took over in 2018? Shows lack of confidence?
No More Jet Updates
Just FYI, there will be no more jet updates. The site admins have erased my latest update and it looks like they erased all the others too. For your own tracking purposes. https://globe.adsbexchange.com/ The last three tail numbers are N73M... — read more
TEBG group president leaving
This ship is sinking
This ship is destined to sink
If 3M keeps going the way it's headed, it's basically going to shrink down to just a skeleton of its former self. We will come to a point where it can't even function properly and then it will collapse and drag down whoever is left along with it. If... — read more
US Department of Labor finds Wisconsin worker’s fatal 2023 injuries occurred on machine 3M Company identified as hazardous in 2022
https://www.osha.gov/news/newsreleases/national/11072023
How are things going?
How are things going without half of the MTE’s? Seems like laying off so many of them may have been a huge mistake!
Executive Committee (posting without names)
Now that I have lost my net worth - and daughter's tuition - we can all look back at the thousands of lab colleagues, business and supply chain friends who lost their jobs due to team performance - fired in 50s, bullied/pressured out, etc - but there... — read more
Interesting the Admin pulled my comment about Executive Committee and Austin leadership
Who's running the site?
3M’s Next Problem For Investors Could Be The Dividend.
Anyone have the full article of https://www.barrons.com/articles/3m-stock-dividend-safe-51662058756 Title is "3M’s Next Problem For Investors Could Be The Dividend."
Senior leadership movements
Looking at this month's announcements, looks like there are many executives hired from outside. Also, there seems to be many role expansions of the SVPs and VPs. Cost cutting measures?? Or these people can actually load on more??
More layoffs in US ESC today :’(
“Let the flogging continue until morale improves”
EPR is becoming a joke!
I launched a product this year and my score rank seems to be a "Meet". What is MR's EPR score?
SVP Communications leaving
Finally something good. BH wasn’t delivering much, and was at the SVP level. Hopefully the CIDO will be next!
Upcoming Investor Conference
So Moni is slated to speak at the next investor conference on Nov 8. Here we go again. Another round of negative warnings followed by massive destruction in shareholder value. NEVER LET THE ACCOUNTANTS SPEAK IN PUBLIC OR REPRESENT YOUR COMPANY! Bean... — read more
Did the CEO huddle earlier today provide any meaningful information?
I wasn't keen on spending 2 hours only to hear vague responses.
My position was eliminated at 3M a year ago, how do I go about getting a contract position?
After 25+ years at 3M, my position was eliminated last year. I am now ready to go back to work. And I am only interested in working at 3M. How does one find a contract position at 3M?
Why does the CTO still have a job???
We all know that 3M grows primarily with new products, generally products launched in the last 5 years. While MR have been the architect for all the big structural changes (SAP, Advance 3M, Spinco), the HUGE glaring problem is growth. And that falls... — read more
Former 3Mers being blocked from contract work/rehire back into Remain Co?
I was eliminated after 31+ years at 3M (was not able to retire - not 55). In early October was offered a one year contract job within 3M Remain Co. I accepted the position with a start date of November 1 or before. This week the hiring manager... — read more
Layoffs in GCA happening now
In yesterday’s earnings report, MP mentioned a good part of restructuring expenses being pushed out to Q4 because of country specific laws. Well, I just heard that 3M China layoffs are happening now. A sad day for my former colleagues in China. — read more
Why Fact is More Interesting than Fiction
When commenting on overall market softness for consumer products, Mike Roman said, "There is a broader story around consumer retail for us, the shift you have spending from discretionary products in areas like food and experience kinds of spending... — read more
Great 3Q
Just read the news. A great third quarter should mitigate any layoffs. Congratulations all.
This will be fun...
ST PAUL, Minn. (AP) — ST PAUL, Minn. (AP) — 3M Co. (MMM) on Tuesday reported a loss of $2.08 billion in its third quarter. On a per-share basis, the St Paul, Minnesota-based company said it had a loss of $3.74. Earnings, adjusted for non-recurring... — read more
3M leaps on Q3 earnings beat, profit forecast boost powered by cost cuts
Well done M&M Continue the cuts......
Tips for getting an internal lateral move
Honestly wouldn’t mind staying at 3M for the long haul (however long that will be at this rate) , but I’m wanting to branch out from my current position ( would stay in same job grade). Out of every 20 3M applications, I’ll get maybe one real... — read more