What does typical Severance package look like for US employees?

https://minnesotareformer.com/2022/12/15/toxic-3m-knew-its-chemicals-were-harmful-decades-ago-but-didnt-tell-the-public-government/ You be the judge.

3M, the Minnesota Mining and Manufacturing Company, announced it would cut roughly 2,500 global manufacturing positions in a financial report on Tuesday, as chairman and CEO Mike Roman said the company expects “macroeconomic challenges to persist in... — read more 

🤡Do not touch work from home!

While laying off 2500 of its manufacturing skilled labor, 3M is promoting a DOCUMENTARY it made about the importance of skilled labor. No wonder the company can’t hit sales quotas. They’re too absorbed in making ironic documentaries to enter at the... — read more 

Severance is not required by law, so I'm wondering if there's a chance that the leadership (and I use that term very loosely) can decide to reduce the costs of layoffs by further reducing severance for those affected? That is something I wouldn't be... — read more 

As Chairman of the Board and Chief Executive Officer at 3M CO, Michael F. Roman made $15,222,046 in total compensation. Of this total $1,337,487 was received as a salary, $3,131,774 was received as a bonus, $5,250,960 was received in stock options... — read more 

Stock down 6.25% after 4q earnings call. Winning? Go back to approving ink pen requests....be sure to make sure Quality reviews the request to make sure it is indelible blue or black ink. It will take at least two JG 14 - 16 to make that decision. Is... — read more 

2500 is the ball park number but going by past cuts every year the last 6 years, the number will never be approx, the good news is that it always seems to be less than reported, so in these worrying times please help yourself if you are affected by... — read more 

I wonder how long it's going to take them to give us more info. Now that we know layoffs are coming and how substantial they'll be, chances are they're going to keep silent for weeks and let us stress and worry over it before they share any other... — read more 

https://www.reuters.com/business/retail-consumer/3m-profit-falls-charges-weakening-demand-2023-01-24/

During all my years at 3M I have never seen so many layoff or restructuring as I have since he has taken his corner office. Horrible leadership and has no idea how to run a company!!! when will the shareholders open their eyes and have this guy... — read more 

Layoffs in Hutch are just rumors. Ha. Writings on the wall. Time to face the music for all those who think that there will be none.

Daddy Starbucks is usually the type to laud these kind of layoff announcements as "efficiency." Has he made any appearances yet today, or has he too turtles up in his office like Mike? To the person wondering how much 3M is paying consultants like... — read more 

I've worked as an engineer in multiple 3M plants, and on projects in many, many more, so it's hard not to be particularly disapointed with such a short-sighted executive choice. In the spirit of transparency (a resource in short supply these days)... — read more 

Just announced 1/24

Can anyone tell me why Vale gets 25000 shares every year even through the pandemic.crazy

Heard 300 layoffs happening in Hutch. Supposedly an email coming out Monday.

How much longer do they get to make 3 bills churning out worthless ppt slides? sales team is laughing at this team of ppt slide clowns. Nobody can visit customers,budgets slashed everywhere, natl sales mtg cancelled, company is burning to the ground... — read more 

Out of curiosity, if management were to be extremely direct about their strategy do you think the response / moral would be better? I’m upset about the messaging because I know it’s not honest, rather than the overall situation we’re in… I can come... — read more 

Peter Gibbons is listening to this Outsource group named the Kearny Group on making cuts to manufacturing plants. He honestly has no idea how bad he is destroying value and capacity. Mike Roman isn't leading sh-t and would not know what leadership is... — read more 

3M HCGB has implemented hiring freeze and travel freeze for Q1-Q2. Not a good sign for the health of the organization…

I've worked at 3M for over a decade. The past few years have made me incredibly disappointed with the company. Every technical employee that I have talked to is terrified that we will be kicked to the curb at any moment for reasons that have... — read more 

Heard from a bird that 300 layoffs in Hutch. Can anyone confirm?

Are job promotions meant to be posted fairly for everyone to have a chance to advance their career. Obviously not as here in our plant in the UK, we don't seem to follow Corporate Level and therefore it seems 30 years plus of experience is no match... — read more 

I heard that JG14 employees were no longer given stock options, but rather Restricted Stock Units (RSUs). Is that true? What is the rationale? Is it because the strike price this year is so low that the company would be giving out too many shares 10... — read more 

To save 3M, work is the answer. This means getting up on time, making your bed, and collaborating in person in a real work environment. Woke-ism will destroy 3M and it is happening fast.

Used to have a tagline: 3M Innovation Now it is about: 3M Cost cutting

My leadership team had a strategy share out and it was grow top line and reduce costs. Thank you for the strategic vision… I did not think of doing that until told today…

Anyone doesn’t agree with the video posted on 3M Go about remote work? With all negatives going around WYW is only positive happened to 3M. However I was baffled by the message from remote employee in the video. Remote work is not to do our own thing... — read more 

From an email I saw yesterday morning, it was shared that the 3M Nevada, MO plant is eliminating 100 positions at the plant level. It was not stated if they were hourly/salary. However, big layoff rumblings in other larger plants like Hutchinson... — read more 

Is the Chemical Operations future bleak? Sites such as Cottage Grove, Cordova, and Decatur have undergone 100’s of millions of dollars in infrastructure and Water Treatment upgrades. Could the consensus be that 3M needs these Chemicals internally to... — read more 

At least with Mike, you can count on his inability to act and his core competence of leadership paralysis. WYW may last a while longer than people think. Bob iger just ordered just about all disney employees back in the office march 1st 4 days per... — read more 

My GESPP average price is about $170. Still suffering a $40 loss (as of 9-Jan) after holding so many years. Anyone believes it can go up further so that I can liquidate all?

A women who I respect in her 30s is leaving 3M. As the younger smart ones are leaving I am debating leaving too. It feels like a red flag when the best of the best from the business team are giving up on 3M. We finally get good talent and then treat... — read more 

Gibbons has been around only since Nov 2021 and now he's the genius telling 3M plant managers about how to run their operations. The only relevant experience he had was with ICI and that ended 15 years ago. Mattel, Starbucks, tire hub. Not exactly... — read more 

Does anyone have any actual data points on whether people who quit in January still got their AIP paid in February / March? The AIP document says that people who leave after the year is over, are still eligible. I wouldn’t put it past leadership to... — read more 

I've enjoyed reading the posts from this site. I worked at 3M for 35 years only to be downsized in Q4 2015 because financial goals were not going to be met in Q1 2016. I thought it was a great company to work for back in 1981 when I started. Work... — read more