Has anyone tried to volunteer for their own layoff to receive the severance package and find a new job? Would you talk to hr or your manager for this?
3M to be kicked out of the Dow?
https://www.startribune.com/3ms-long-tenure-on-the-dow-index-may-be-in-jeopardy/600272610/
Roman’s compensation
For those interested here is a link with detailed info on Mike Roman’s compensation https://www.bizjournals.com/twincities/news/2023/03/24/3m-roman-compensation-2022.html?mibextid=Zxz2cZ
“Earn our way”
Recently, division “leadership” told us we needed to earn our way back to corporate investment in our NPIs. They said if we showed profitability gains then we could spend. Sounds like we should take the M&M approach and eliminate half our lab and... — read more
Trust the process
Mike Roman has used these words. Would someone in the know please share what is the process? What is the vision for the process? And what is the goal in 1, 2 and 3 years that the process is suppose to accomplish?
What buildings on campus are likely to be mothballed
Not sure which ones are already closed down (someone please give a listing). Any candidates for closure or even demolition as part of Mike bold "reduce rooftops- that is my playbook now!" Plan for the future. My first recommendation is hit the... — read more
It’s Official!
https://www.wadenapj.com/business/3m-to-close-its-wonewok-corporate-retreat-near-park-rapids
Enterprise Customer Operations
Does anyone know for certain what is happening with this group? There are many unconfirmed reports of this many parts of this group heading to the GSC in Costa Rica.
Hypocrisy at its finest
Leadership announced layoffs to streamline management, remove redundancy, and drive greater efficiency. AND to lead by their wonderful example, they add a COO layer between all EVPs and CEO. Great job M&M&M EVPs: earn ~$5M per year COO: probably... — read more
All they know are cuts
The management of this company has been reduced to cuts only. What kind of leadership is this? If that's all it takes than almost anyone could manage the company.
Tire Guy must go!
What a despicable person. We hired a guy to run manufacturing who moved tires and brewed coffee. That is not even the part that is bad. He is a total condescending and belittling jerk.
3Ms Theory X leadership style has brought down the company!
Anyone who's taken a course of management styles and leadership is familiar with the Theory X and Theory Y leadership style and the pros and cons of each. The great and visionary 3M leadership McKnight was a Theory Y leader, wanting people to be... — read more
Increased security presence on campus
Has anyone else noticed a significant ramp up in security presence on the maplewood campus or is it just me? Woulda been nice to have this much security when all the catalytic converters were getting stolen. Has there been a ramp up of security... — read more
Any Word on SIBG or TEBG LVS?
I heard on here a couple days back that CBG LVS got obliterated sometime last week... Any news on if/when SIBG and TEBG will feel the Petey Tyrant's wrath?
Do you think the board reads this thread?
I hope they do because I am one of the laid off people who is one of the top producers on my team. The people who are left have been sending me their résumé, asking me to look at it. I have my own cr-p to worry about, but the people who weren’t laid... — read more
Eric Hammes dumped large chunk of stock at $105/share
But Why no executives buying large chunks of stock?
Layoff. And then what?
there's no plan at all. Will see same thing next quarter, after quarter,.........
Use LinkedIn for good
I am very impressed how many current and past 3M Employees are rallying to help each other find other jobs. Awesome to see people come together as these are good people impacted by terrible 3M leaders. Keep it up! Now for all you other pathetic... — read more
What’s up Hutchinson
Any word on what’s happening in Hutchinson. Heard layoffs were coming but haven’t gotten any details.
So what are the new divisions?
So TSSD merged with CSD. What's the new division name? And did EMSD merge with DMSD? If yes, what's the new division called? Any other new division other than Industrial Specialty Division? And in the combined division, which division president... — read more
Enterprise Operations- what is really left to cut from budget?
Of course, Peter Gibbons (aka Tireman, Wee Pete) is costing a few million with all his perks. And at least 10 million, probably more, is being wasted annually on clueless Kearney consultants. From what I heard, most of the MBBs got pink slipped... — read more
Bad times
I definitely intend to leave because it is pretty clear that the leadership is literally destroying this company. The atmosphere is terrible and I wonder if in the past there were more difficult periods here than now? Those who have been here... — read more
Did anyone read the earning call transcript and analyst questions?
Just when I thought the M&M boys couldn't outdumb D-mb And D-mber, the call was hilariously if you want to listen to the sound of deer in the headlights. Asked about why this restructuring is different, Mike and monish mention "priorities" and... — read more
How will 3M make up the lost revenue with so many divestitures?????
3M has been divesting her assets (not even counting rooftops they have sold) in the last 4 years . Divestitures accelerated after Monish came onboard. What is the company doing with all the cash it acquired??? More importantly, how will 3M make up... — read more
It'll turn out fine
When I got laid off, it turned out to be a blessing in disguise! I no longer had to deal with toxic colleagues, or an executive leadership team that just couldn't get their act together. And please, don't even get me started on HR! But you know what?... — read more
They keep lying
They keep lying to us in meetings. Didn't talk about any substance of layoffs. No details. Hardly said a word. Now they bring up correlation between upcoming automation and the recent bad news but have the audacity to say our jobs are safe for next... — read more
Can 3M use the restructuring charge to deleverage debt?
Restructuring charge for debt deleveraging? Or is it Blockrock that’s repurchasing our debt and gaining more equity? Also, with this new A3M/Not A3M alignment is seems like it’s positioning certain business parts for sale, am I right?
Reducing severance
How much is severance? Is it true that it is less than previous layoffs?
What becomes of Maplewood itself?
With 3M cutting a lot of jobs at the site, what's going to happen to the city itself? Back in the 80s, it was considered a decent place to work and live. Then people started moving to Woodbury for more upscale living. Wonder what tax hit this... — read more
9.6 million US job openings
The unemployment rate is expected to blip up to 3.6% in April, a couple of notches above January's half-century low 3.4% “Roman’s My Way” And now, the end is near 3M faces the final curtain My friend, I'll say it clear I'll state my case, of which... — read more
Mike's Around the World Non-Apology Tour 2023
Alternatively titled the 'Fails Tour'. While us minions await our severances. That fool Roman has been getting jet time in. His tour so far: St. Paul to Tokyo (fuel stop in Anchorage) - Tokyo to Seoul - Seoul to Europe (fuel stop in... — read more
How are we viewed in the market?
It is comforting to hear people say that in general we have a reputation as good and quality workers on the job market, and I hope that is true.
1100 @ the center
https://www.fox9.com/news/3m-lays-off-1100-people-at-maplewood-headquarters
260,000 earplug claimants
3M has lost 10 of 16 of the ear plug cases, with the average claimant being awarded $26 million thus far. It is estimated that the remaining 260,000 claims will be settled for between $40k and $500k. So on the low end the company will be paying out... — read more
6,000 layoffs
From what I've seen 3M is laying off sales force, talent acquisition, and some business transformation roles. So is the plan to stop selling product, stop hiring/recruiting students, and pause BT for the rest of the manufacturing plants who haven't... — read more
PFAS product list
For those who are left on the 3M Titanic, take a good hard look at the PFAS product list that was posted/buried on the 3M website in December. You can’t search it (that’s intentional no doubt) but odds are that among the 15,000 products affected... — read more
Asia GCA townhall now with CEO
Any exciting observations?
What is former GE reject/3M destroyer James McNerney doing these days
Hard to believe that a nearly 100 year company that had a rich history, sterling reputation, and was considered THE PLACE to work in the Twin cities was irreversibly damaged by ONE BAD HIRE, mcnerney. December 2000 will go down in history when 3M... — read more
Has anyone heard anything about Global Lean Value Stream Layoffs
I just received an ‘all clear’ from one of the divisons labs that all USAC employees had been notified (I assume within the division), but my group was told we may have to wait thru Peter’s Town Hall before we learn anything. I could see The Tireman... — read more