Those of you who had pension plan I . Did you take the lump sum and roll it over into an IRA or leave it with 3M. I personally don’t trust 3M to not mess with it somehow so I’m going to roll it over but I was just curious what others are doing with... — read more
Operating margins
A few years ago there would have been alarm bells ringing everywhere, the minute businesses went below 20% OM’s and HCBG was always premium with high 20’s … look just where the company is now 17% total and not a business over 20% … healthcare became... — read more
The real reason for layoffs?
Is 3M being preemptive about a recession? Taking a drastic cut in order to appear recession resistant compared to its peers? Q1 wasn’t absolutely horrendous which is what made the restructuring more surprising. My thought is that leadership is quite... — read more
I want out, but the job market sucks right now
I have no faith in this company anymore. No trust for the leadership. No confidence that my job will exist in a year. I want to leave. But I'm not one of the ones that were laid off; I can't simply add the green "Looking for Work" circle to my... — read more
New SVPs
Saw that two new SVPs poached from IAC Group. Any relevant experience they could bring to transform 3M?
Pension Plan 1 Employees Eliminated between age 50 and 55?
Does anyone know how many employees have been let go who were over 50 but not yet 55, with Pension Plan 1? The VP mandated my director eliminate me (age 54) vs an employee age 59 because 3M can save more if the employee is not able to retire. I... — read more
What would boost stock, Mike Roman retirement announcement
Only thing that will boost stock right now is if Mike Roman would announce retirement. That and announcement for a successor. It would be a short boost but it would help.
Don't be too picky
The economy might not be in a recession yet, but the number of layoffs continues to rise and with it, the number of unemployed people. In this environment, laid-off workers are going to have a hard time finding new jobs, and many will be out of work... — read more
Restructure Plan? There is none.
It was a cost cutting measure plain and simple. There is no plan to restructure to make things more efficient or do what your job description says. They eliminated key roles without any idea how to offset the workload. They talk about increased focus... — read more
Why would you hire a 3Mer?
Major skills: building a story in front of the upper management cooking the SFDC Experience: seasoned management professional with 22 yrs of experience with one company.
Business as usual
Anyone else had enough of all this? I'm ready to resume business as usual. I just want to jump back in and turn things around.
Right Management Experience?
Any of the laid off folks having a decent experience with Right Management and I just got stuck with a dud for a coach? Can you recommend your coach if so so I can switch to a better one? I'm trying to have a good attitude about this, but it has... — read more
3M Invests 146 Million in Biotech Manufacturing Capabilities
60 new positions
Stock drop to 93 today
Just keep winning The so-called leadership team is surprisedly quite.
Tireman's town hall today
Surprised there was no post about this. Anything worthwhile mentioning come from it?
Live from EO townhall
List any interesting for discussion here
All quiet on the Vale front?
Seems like the Vale stories have slowed down. What's the latest?
Q2 predictions
Stock price 83 No companywise layoffs but BG reconstruction 2500jobs Keep winning Better position Trust the process
I'm so glad I'm gone
3M was a mess, from top to bottom. Most of the time we had to guess what we were supposed to be doing because we were not given proper info, and our boss couldn't care less. Everything was awful, and it still gives me nightmares sometimes. I wouldn't... — read more
Censored
I knew it. The post has been censored and removed
People still care for this company
But there are less and less of us who do… Or am I wrong? People are frustrated by the constant bad moves of the leadership and even those who were most loyal no longer care about the future of this place.
DoNot-Join - NewCo Healthcare
Hearing rumors that lots of unwanted people are packed & packaged into this healthy business so that these “People Liability” are transferred to new Books and can be taken careOf i.e; DoNot Join if you have a choice. Else good luck.
I’m Gone, and happy as h_ll about it
After 32 years at 3M, I retired almost 5 years ago. Took the lump sum, moved my 401 to an investment firm and sold most of my 3M stock. My only tie to mother mining were options I held. Stock was at $250/share then and I mistakenly thought I would... — read more
From Fortune best places to work to Chinese 💧 torture
Ok so I escaped the sanitarium with a 93 number (one to spare over the sacred 92). Incredibly grateful for it. But I am just blown away how this company, especially YOU TIREMAN, has frickin' turned into something out of George Orwell 1984 room 101... — read more
You win.
For decades when walking through our plant I would always pick up clutter or trash when walking by. Never would I leave it on the floor. For the first time, I just walked on by. I don’t care anymore. You win tireman. You have created a complete... — read more
Tired of all this?
I am constantly tense because I don't know how much longer I will have a job here, and I am also disappointed because now I realize that all my efforts to have the best possible performance are probably in vain. If I got a solid offer, I wouldn't... — read more
Leadership turnover in Finance
Why has there been so much turnover at the SVP level (direct reports to CFO) in the Finance Org? With exception to the Chief Accounting Officer, all SVPs are new! Two SVPs came from GE and stayed at 3M less than 6 months! Another SVP of Corp Dev... — read more
Jet Tracker Update - May 26th
Updates on recent movements: N73M - Latin America Tour this week - Mexico City, Brazil. Currently in the air back to the North America - flight track suggests a US east coast destination. N83M - Day trip to Charlotte, NC on the 16th. Day trip... — read more
Quiet Friday? Or are layoffs still happening today
Years ago, when layoffs happened, most were assigned to a Monday or Tuesday to allow the person time to process things as well as give them time to work with an outplacement firm. Once upon a time it was Right Associates (nicknamed Wrong associates... — read more
This is 100% on the shoulders of terrible leaders
I went through 2008-2009 and truly felt the economy dealt us a bad hand. I knew that 3M was resilient and would weather the storm. This time around the clowns upstairs are blaming the economy but we all see through the lies now. This is not on the... — read more
Increased spate of safety incidents
Why is Gibby asking for more reporting of site incidents? Is this increase spate of safety incidents, related to the massive layoffs that are affecting the workers morale?
Not entitled, just confused
I was laid off some weeks ago, I’m still within the 45 day period. I’m having a hard time coming to terms with some things and I wanted to get some opinions. I’m in my 30s. I was hired straight from undergrad. I was an intern and tech aide, so all... — read more
For those "laid off" - most absurd comment from HR/Boss?
Some I've heard already: 3M is going through a "historic transformation", sadly I regret to inform you that it doesn't include your position (told to LVS/MTE) TRUST ME, we've worked closely together for years but this isn't personal. But someone... — read more
Selling off more parts
What's the next thing that's going to be sold off?
Trust in Senior Leaders
This site perfectly summarizes the problem with senior executives both at 3M and corporate America. They cheerfully operate by different rules and pay little attention to hypocrisy. Heads, they win. Tails, they win big. Compensation plans at the... — read more