Topics regarding layoffs at 3M

Topics regarding layoffs at 3M

We need real change!

Consultants are expensive and only tell you what the majority of companies are doing. 3M needs to understand and acknowledge its faults and take corrective action. They do not need another reorganization promoted people with new titles and no... — read more 

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| 1344 views | | 1 reply (March 20, 2023)
Post ID: @OP+1lJARRwr

unjust system for redundancy

i am 59 and a UK production worker, how on Gods green earth can salaried staff get a nice redundancy payment yet I cannot and have asked about leaving,

by
| 1150 views | | 2 replies (last March 22, 2023)
Post ID: @OP+1lJSc2fy

credit suisse

is it true MM are heavily linked in with the swiss bank, EMEA do most of financials out of there

by
| 1100 views | | 1 reply (March 22, 2023)
Post ID: @OP+1lJUhFvU

whats going on in bangor

is it right for a senior manager to treat a contingency worker better than a full time employee, the contingency worker has missed numerous days of work and also has left early in his shift and still is employed when the senior manager should let him... — read more 

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| 1861 views | | 4 replies (last March 20, 2023)
Post ID: @OP+1lIj2qC4

I left last year

I've still been following what's been happening at 3M. I have to admit, I feel bad for the employees, but I'd lie if I said I didn't enjoy watching this place fall apart and the leadership panic as they continue to sink this ship with their id--tic... — read more 

HCBG Layoffs Announced

Affected countries are below. Export: Puerto Rico Argentina Barbados Belize Bermuda Bolivia Cayman Islands Costa Rica (so, need a new GSC located elsewhere) Dominican Republic Ecuador El... — read more 

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| 2554 views | | 3 replies (last March 20, 2023)
Post ID: @OP+1lGmlu1i

O2 Layoffs

I've seen a handful of LinkedIn posts from recently hired O2s being laid off. Is this really what it has come to? 3M is so desperate to cut cost that now they're getting rid of young bright talent that is supposed to be part of the future of the... — read more 

Severance Package Agreement?

For those who have been terminated during these fragmented and opaque layoffs, have you had to sign a waiver of some sort in order to receive the severance package? It seems the Federal law (OWBPA and ADEA) is relevant for layoffs for anyone over... — read more 

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| 2500 views | | 4 replies (last April 4, 2023)
Post ID: @OP+1lGrK0cP

More Layoffs

With the following financial results as a backdrop, more layoffs are inevitable. 3M stock, which hit a new 52-week low Wednesday (March 15, 2023), is one of the worst-performing industrial stocks this year, down more than 16% in 2023, versus the XLI... — read more 

HCGB Layoffs Tomorrow

Rumor is announcement will come tomorrow for additional layoffs for HCGB. The M&M solution is to lay people off rather than come up with actual solutions to fix the disaster they caused. Ridiculous

Really? Thoughts?

‘[O]n Combat Arms, we don’t believe we have done anything wrong, or Aearo hasn’t done anything wrong.’ 3M Chief Financial Officer Monish Patolawala

It’s just billions

Per UBS Analyst, 3M faces a total liability of $15 billion from the Combat Arms litigation, but his estimate is for a liability of about $7 billion. That compares with 3M’s settlement offer of $1 billion. Yikes! Buckle up folks

"Winning" Challenge

When 3M stock falls under $100, ask every manager/leader if they are "winning" at every appropriate opportunity. Bonus points if you can fit in that "you are seeking to understand why" and triple points if you ask them what is being done to "action... — read more 

Increased prices

Many premium products are expected to experience a significant decrease in sales volume due to the recent price increases. Some of our major buyers have expressed their reluctance to accept these higher prices, which will inevitably affect our... — read more 

United Kingdom cuts numbers

looks like 45 and 90 day consultations will be announced in the coming weeks, finalizing numbers and which plants are doing poorly, Looking at the numbers from all UK plants , something does not look right , they are all underperforming badly, sign... — read more 

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| 3070 views | | 8 replies (last March 17, 2023)
Post ID: @OP+1lBRSg5V

3M Moving Away From Fleet Vehicles

Looks like in another cost cutting move, 3M has made a global decision to take away fleet vehicles from individuals who do not meet a certain mileage criteria. What’s next, more layoffs in April?

Are we winning? Is Monish the CFO a winner?

If you invest 10,000 in GE the day he leave, you have 19,000 today. If you invest 10,000 in 3M the day he come here, you have only 6700 left over. Is this winning play books working?

Menomenie

They sent employees from menomenie to rw plant for a few months.

just waiting for the word that I am not needed

been with 3M for 14 years and it looks like the end is in sight, i have enjoyed my time and am thankful for meeting life long friends. it is truly a shame that the management at the very top have been poor and multiple decisions have been shocking , — read more 

Skilled workers matter...right??

Does anyone else find it incredibly ironic and insulting that the organization put a ton of money behind a documentary about the critical importance of skilled workers and the week it premiered at Sundance Film Festival they announced they were... — read more 

Severance Pay

Is it down to individual discretion regarding how much severance pay you get? I’ve seen comments where some have received 1.5 weeks pay for every year they’ve been at 3M (up to 20 years) whilst others 3-4 weeks ….. Surely there’s a policy to follow ... — read more 

Lump sum?

I'm considering quitting, or getting laid off, or fired,at some point this year. I can tell something is up and my boss is not being transparent. I'm in my early 40s and do have the Pension part 2 I believe. I see a lot of people saying to take... — read more 

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