Wonder if the employees still follow the DMAIC methodology when it comes to problem solving? Or throw it out of the window?
liars , production employees cannot pick what shifts they work
they are saying production employees, lol in Brazil can pick and choose their shifts, what a load of baloney, and then have the cheek to say that this makes Mother Mining a great attraction for bringing talented employees to work, what a load of... — read more
Pay them what they're worth
No executive bonuses if the main reason they make their numbers is by eliminating positions. Evaluate them based on what they actually did vs cutting cost. Anybody can run the numbers and balance a check book. Leadership should get bonuses based... — read more
Quiet Firing
Have you experienced 'quiet firing', which is when a manager subtly encourages a worker to quit or neglects them through lack of feedback, resources, or support?
Salesforce.com Has Destroyed 3M Sales Productivity and Effectiveness - change my mind
As 3M managers are forced to gets more internally focused, they are losing touch with our markets and customers. Somehow they feel taking 30-40% of a sales reps working time away from actual selling in order to fill out SF.com with questionable... — read more
Why do we get only 45 days notice for layoff? Isn't the law 60 days notice?
From Department of Labor website "The Worker Adjustment and Retraining Notification Act (WARN) protects workers, their families, and communities by requiring employers with 100 or more employees (generally not counting those who have worked less than... — read more
Where are the latest layoffs?
I’ve heard/seen lots of corporate LSS… it’s frightening how many lately. 100? Something like that
EPA orders Cordova 3M to sample, treat contaminated local drinking water
The U.S. Environmental Protection Agency has ordered 3M Company to sample local drinking water and provide treatment for chemical contamination around its Cordova, IL, facility. 3M has agreed to comply. According to the EPA, at least 19 different... — read more
Despite a Nearly 5% Dividend Yield, Investors Should Still Be Cautious About 3M Stock
Investors just got another lackluster earnings report from industrial conglomerate 3M (MMM 0.77%). While the stock has undoubtedly sold off in recent years due to its growing legal risks, the company has also disappointed investors with its... — read more
3M and U.S. Environmental Protection Agency Announce Comprehensive Agreement for Cordova Region Drinking Water
3M and the U.S. Environmental Protection Agency (EPA) have agreed on plans to address per- and polyfluoroalkyl substances (PFAS) in the Cordova region. Through the agreement, 3M will build on its work to address past PFAS manufacturing in the area... — read more
3M to attend COP27 with a focus on urgency, collaboration, progress through science and action via solutions
3M is joining other global corporations, governments and non-governmental organizations at the 27th Conference of the Parties (COP27) in Sharm El Sheikh, Egypt to further the dialogue and plans for combating climate change. As a globally diverse... — read more
3M Peter Gibbons - Not as cool as Office Space Peter Gibbons
Today he is “excited” to announce 3M Continuous Improvement. Aka, let’s lay off a bunch more people, I’m sure everyone is as excited as him. Disingenuous and tone deaf. Sounds like the next failed executive initiative to me, Advance 3M 2.0. I wish I... — read more
Anyone inspired by CEO Q3 earnings huddle?
When asked why the share price have halved, MR didn't even bother to address the question himself !!
3M Insider Trades Send a Signal
Rodriguez Beatriz Karina Chavez, SVP & Chief Strategy Officer at 3M reported a large insider sell on October 31, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that... — read more
3M EVP & Chief Legal Officer Trades Company's Stock
Kevin H Rhodes, EVP & Chief Legal Officer at 3M reported a large insider sell on October 31, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Rhodes sold 5,703... — read more
Independent union wins bargaining rights at 3M in central Mexico
Independent Mexican union La Liga has won the right to represent workers at a 3M Co plant, authorities said on Monday, marking a second victory for the fledgling group at a pivotal moment for workers to take on entrenched... — read more
3M Earplug Lawsuit Update: 10/29/2022
October 29, 2022 Update: Judge Rodgers said Thursday the monthly settlement talks must resume. She also said she will allow an immediate appeal of her successor liability ruling, a strong sign she may rule for the plaintiffs. This is good. But... — read more
Announced verbally: A3M being dissolved
Meetings this last week consisted of leadership from both Enterprise Ops and BG Ops informing their direct reports that A3M will be reversed back to pre-A3M but they don’t know how it will look now that both Ops added people to fill the lanes of... — read more
High level honchos retiring early with 6 months extra salary
Rumor mill has it that some Director / VP level people have recently retired early and "negotiated" 6 extra months salary as part of their package ! Is there any truth in this piece of news ? How is the company allowing such malarkey when in tough... — read more
Layoff Poem
Layoff Author Unknown I cannot endorse your obvious redundancy due to the work force’s current abundancy. Our air of pathos is painful to bear with all life’s prosperity gone from the air. The garlands are down and the flambeaus blew... — read more
Michael DelVacchio Leaving 3M
Michael DelVacchio - Vice President, United States & Canada for Medical Solutions Division at 3M https://www.linkedin.com/in/michael-delvacchio-4281517
Up 17 dollars in 3 weeks!
Like I said before, Mike and Monish should take a long and well deserved bow. Go team go!
Saw comment on linkedin
I saw a comment in one of 3M's posts saying: "3M soon to be Honeywell - talks going now" is there any truth behind this or just a troll comment?
3M Earplug Lawsuit Update: 10/26/2022
October 26, 2022 Update: 3M asked Judge Rogers permission to file another motion in on the successor liability motion for summary judgment plaintiffs' lawyers filed in the Wave 1 cases. See October 11, 2022 update below. Yesterday, Judge Rogers... — read more
3M ranks #35 on Forbes World's Best Employers list
It feels like the 2022 Nobel Prize winners in economics...
Over 120 for the 1st time since early September
Should Mike and Monish take a bow for growing shareholder value?
3M Earplug Lawsuit Updates - 10/23 & 10/24
3M EARPLUG LAWSUIT UPDATES: October 24, 2022 Update: 3M wants to pretend that Aearo is a seperate company from 3M. But it can't muster the energy to even pretend. Aearo wanted to hire Kirkland & Ellis as bankruptcy counsel. But that same law firm... — read more
Industrial giant 3M exploring hemp to overcome an urgent pollution challenge
https://hemptoday.net/industrial-giant-3m-exploring-hemp-to-overcome-an-urgent-pollution-challenge/
As an investor, I hate everything about 3M right now.
As a former employee I am so sorry for all the employee has to suffer right now
3M lowers full-year forecast on dollar impact, uncertain economic environment
Oct 25 (Reuters) - U.S. industrial firm 3M Co (MMM.N) on Tuesday cut its full-year revenue and profit forecasts, expecting to take a hit from rising inflation and shrinking overseas earnings due to a stronger dollar. Shares of the company were down... — read more
3M Reports Third-Quarter 2022 Results
Q3 Highlights Company reports GAAP earnings per share of $6.77. Adjusted earnings per share of $2.69, excluding the impact of special items. Sales of $8.6 billion, down 4 percent year-on-year, which included impacts of negative 1 percent from... — read more
After lousy 3rd quarter results, more cuts coming
No doubt 3M will publish some Friday afternoon announcement about "rationalizing" its global footprint, meaning 1000s more will see the exit stage right. Are they any 50+ crowd left who are just hoping for a package to leave. Your wish may become... — read more
3M Stock - Worst Performance In 48 Years
The last time 3M stock performed this poorly was 1974. Gasoline was $0.53 per gallon and Gerald Ford was POTUS. Will anyone in senior “leadership” be held accountable? Will the earnings call on October 25 be anything other than happy talk? Mike... — read more
Oppenheimer's Ari Wald on 3M: More attractive opportunities elsewhere
https://www.msn.com/en-us/video/other/oppenheimers-ari-wald-on-3m-more-attractive-opportunities-elsewhere/vi-AA13krgi
Today CNBC
Commentary on mmm - check it out ; not highly complementary
🤡Alan Amron Post-It™ Note Inventor $400M Lawsuit
I'm really worried about this too. Alan Amron launched a further suit against 3M, suing them in federal court in Fort Lauderdale, asserting that 3M were wrongly claiming to be the inventors, and seeking $400 million in damages. Amron said, "l just... — read more
3M: Risks Likely Baked In (10/23/2022)
Oct. 23, 2022 12:11 AM ET https://seekingalpha.com/article/4548328-3m-risks-likely-baked-in
Will share price tank below $100 after Q3 earning call?
With the multiple head winds and poor outlook, anyone thinks share price will dive below $100 this week?
Keep looking
Whether there will be more layoffs or not, never stop looking for that next job. If you're still at 3M a few years from now when things go completely to he-l, you'll only have yourself to blame. Use this time to get out of this hellhole and your life... — read more