3Mers, go to the 3M Stream internal website and search for "Nick Gangestad Retirement Announcement". Monish begins talking at around 8 minutes in, describing his philosophy. Roughly 12 minutes in, he starts talking about his GE "family", and his new... — read more
When failed technical people join management ranks, this is what happens
Look around you and you will find that > 80 % people that you know who joined management ranks were utter failures at the bench ! It has been a celebration of mediocrity, mendacity, nepotism and favoritism at Mother Mining over the last decade... — read more
Investors Warning: Accounting Fraud at 3M
Tens of millions of dollars in accruals and magical reversals of accruals across quarters to manage earnings. If things look too good to be true, they are... This started when the finance team has been replaced throughout the BG and in corporate... — read more
There's not much to lose if we're laid off
Are you going to miss the toxic culture, outdated technology, useless management, constant fear of losing your job, insulting raises, nepotism, lack of advancement opportunities, total lack of respect for employees, and so many other similar... — read more
Whack a mole. Which teams have been axed this week?
Of course, LG15 and up are safe since they are considered essential workers. Not!
3M Announces Upcoming Investor Event - Tue, October 4, 2022, 9:10 AM
ST. PAUL, Minn., Oct. 4, 2022 /PRNewswire/ -- 3M (NYSE: MMM) today announced the following investor event: Third-quarter 2022 earnings conference call on Tuesday, Oct. 25, 2022, at 8 a.m. CDT. The earnings call can be accessed at (800) 762-2596... — read more
Felt ashamed to introduce as 3Mer
Nowadays, whenever I meet new people outside work, I felt ashamed to introduce myself as working in 3M. I am worried what other people perceives 3M company to be - with the countless lawsuit in ear plug and PFAS. Hurting people and the... — read more
Another GE executive appointed
The mission is ongoing…
Delay in trial proves real negotiations are going on! New leadership NEEDED
This is good news for both sides. Assuming they are able to avoid bankruptcy, there is an opportunity for a new leadership team to come in who is focused on cleaning up the disaster that 3M has become. A strong, ethical, leader who can admit to... — read more
3M Combat Earplug Fight at Crossroads as Court Strategies Falter
Awards Mounting 3M and Aearo prevailed in six of the cases that went to trial, and got some cases that were scheduled for trial thrown out. But they face more than $250 million in damages awarded by juries in 10 other test trials, including a $50... — read more
SCOTUS gives 3M the cold shoulder on warming-device litigation
(Reuters) - The U.S. Supreme Court on Monday let stand an appellate ruling that revived nearly 6,000 lawsuits over 3M’s Bair Hugger surgical warming device, clearing the way for trials to resume this fall. 3M, represented by Paul Clement of Kirkland... — read more
3M Earplug Lawsuit Updates - Oct 4th
October 4, 2022 Update: Judge Rodgers pushed back the David George trial set for October 24, 2022, to February 13, 2023, in an order signed yesterday. The reason for the delay is not related to the litigation. This trial date was putting pressure... — read more
3M Earplug Lawsuit Updates - Oct 3rd
3M spokesman Sean Ly--h: [Manager, Communications at 3M based in Saint Paul, Minnesota] 3M hopes that the "parties and their attorneys will come together to negotiate a prompt resolution to this matter, so that those veterans with eligible claims can... — read more
Is McKinsey still snooping around, looking for synergies?
3M has paid this company tens of millions IMHO to look for ways to: Streamline the business processes Eliminate non value added work Optimize manpower deployment Empower employees to take on more duties, for personal enrichment .. — read more
Do you still want to work at 3M?
I'm not asking about having to be here because you're close to retirement or you can't find a new job or whatever other similar reason. I'm asking if you're still at 3M because you want to be. Because you enjoy your work and are willing to ride this... — read more
Positively 4th Street from a native poet
Some may like Bob Dylan, some may not - lightly edited and redacted to fit. You've got a lotta nerve to say you are my friend When I was down you just stood there grinnin' You've got a lotta nerve to say you got a helping hand to lend You just want... — read more
Who’s this new EVP of Risk Mgmt guy?
Titantic saver? Corporate fixer? Sell the company off in parts, like GE model? Another one to make a pile of money, realize this company is beyond broken and leave in 6 months? Another gaggle of high priced lawyers
WORKER’S Guide to Advance Notice of Closings and Layoffs
You must receive a written notice 60 days before the date of a mass layoff or plant closing if you meet the conditions discussed in this brochure. If your employer does not give you the required notice, you may be able to seek damages for back pay... — read more
When will be the Q3 earnings call?
Have not seen it published yet
This is what we have to look forward to
I expect about 4K, maybe 5. Once the cuts are made, the "leadership" will bring back more of those inane worthless comments. Work smarter not harder - what have we been working d-mb lately? Eliminate non value added work - you mean those... — read more
How about spinning to 4 company
May be able to save some business
3M Earplug Lawsuit Update
Settlement talks resume on October 3, 2022. https://www.millerandzois.com/combat-arms-earplug-lawsuit.html
Further Downside Ahead For 3M?
The challenging macroeconomic environment, including larger than expected FX headwinds, keeps negatively impacting 3M's financial performance. The full year guidance for 2022 has been downward revised, significantly. While 3M has outlined a... — read more
Recap: which sites and BGs have gotten the ax this week
This is like a E5 tornado swirling through a county before people had live news. Skies darken quickly and then BO-M. If your team hasn't been whacked, it will happen by the time miserable 3Q earnings are announced. Good luck to all. Lay low and... — read more
Hang in till next Friday
Shares will skip up to 125 next week so be warned get rid of them then, double digits the week after..markets going to be good as GBP Stering is helping
No motivation
This whole situation has erased my motivation and halved my productivity. I used to care how well the company did, but now I realize that the only ones who'll profit from 3M doing well are the C-suite. Employees never see any of the gains but always... — read more
650 jobs to go
EMEA..that's for starters. Happy Christmas Folks
The so-called leaders are quiet
What are they doing?
Some thoughts on leadership
"Perpetual optimism is a force multiplier." The ripple effect of a leader's enthusiasm and optimism is awesome. So is the impact of cynicism and pessimism. Leaders who whine and blame engender those same behaviours among their colleagues. I am not... — read more
Q3 could be very ugly
Inside and outside
3M's philosophy is outdated
Not sure if you can really "save" the company without more spins after the health care business. The world has changed and the 3M philosophy of "make a little, sell a little" at high margins is no longer relevant for most businesses. A lot of smaller... — read more
Another week, another dose of stressing and anticipation
When will this end?