2 person took 4 years to ruining it
PSD Segment Marketing
All these directors with almost no direct reports just making ppt slides , doing no actual work while the sales team cant even visit customers? Now theyre announcing “segment wins” to take sales team credit?? Laying off great people just to keep... — read more
Any good news regarding 3M?
Can we be positive for a minute? Have you heard or know any good news?
TTS needs to go
2-3 Billion spent on SAP….no ROI. Anyone involved with the debacle needs to go.
Product Liability
Product liability is a term used to describe the legal liability of manufacturers or sellers of goods to compensate buyers, users and even bystanders for damages or injuries suffered because of defects in goods purchased. Product liability law is the... — read more
Things don't look too good on the job-hunting front
I've been looking for a new job for the past several months, sort of testing out the waters, and I'm not happy with what I'm finding. The number of jobs in our industry has gone down significantly. I've managed to get a few offers, but they are far... — read more
3M Loses US Contractor Immunity Argument in PFAS Case
https://news.bloomberglaw.com/environment-and-energy/3m-loses-government-contractor-defense-in-pfas-litigation Quote: A Bloomberg Intelligence analysis found that total liabilities for 3M could reach $30 billion.
After more than 2 years of change in operating model, have we truly advanced 3M?
Someone please pose this question directly to Mikey during the Q3 earnings call.
Veterans lawyers going after retirees!!
I understand the lawyers for the veterans are now sending letters warning 3M pensioners not to spend their lump sum payments because the 'heroes' are 'entitled' to their compensation!! Needless to say we are all freaked out getting these letters... — read more
When was the last Mike sighting?
Monish was at the investor conference. Last time Mike was around was for the clusterf××× executive huddle. Did I miss something? Not that he has anything worth saying but good leaders don't hide when bad things are happening
Is EO planning a major restructuring?
Wonder what would be the actions taken after consulting with MARS? Major layoffs to get rid of the area org ?
Biggest ROI for 3M right now
This has been done in other comparable companies. Time to do it 3M. We don't need a huge bloated structure of failed technical folks who join management ranks to get the quick and early promotions. Few hundreds of middle managers in St Paul... — read more
3M Earplug Lawsuit Update - 9/15/2022
The two-day settlement talks begin today. 3M has a choice. Settle these cases or start the next wave of trials next month - starting with David George's trial - that could lead down a path where 3M has to declare a very different kind of bankruptcy... — read more
Do we even have any competative edge?
Does 3M have a moat? What's our competative edge...
3M’s Failed Legal Move Leaves Firm Back With Judge It Criticized 9/15/2022
(Bloomberg) -- 3M Co., facing more than 200,000 lawsuits accusing it of harming soldiers with defective combat earplugs, opens a new round of mediation Thursday overseen by the same federal judge the industrial conglomerate has been feuding with... — read more
My GESPP is in 5 figure loss
Even with 15% discount bought for so many years. Great work by M&M
Did aearo have to layoff a bunch too?
Given how moni, whi is really running the show, threw aearo under the bus and still screwed this up in court, have a bunch of these sad souls been forced out as part of haphazard job cutting.
3M workers in Aearo earplug unit can get full pay in Ch. 11
By Mark Reilly – Managing Editor, Minneapolis / St. Paul Business Journal Sep 15, 2022 Employees in 3M Co. (NYSE: MMM) subsidiary Aearo Technologies, which is operating under Chapter 11 protection, will be allowed to get their full back wages, a... — read more
3000 patents per year. At what ROI?
I saw a 3M publication bragging about patents. What was the last blockbuster product this company ever got from the labs?
Pay the veterans with stock shares?
Definitely could be considered if the stock issued is from: Apple, Berkshire Hathaway, Microsoft, JPMorgan Chase, etc. Definitely NOT any 3M stock. We want the veterans to be made whole and not issued worthless 3M shares. For those who continue... — read more
3M Atherstone- bad management
Why aren’t managers at manufacturing sites being held accountable for their bad decisions? At Atherstone they decided to get rid of all their existing products and just concentrate on one product that was untested and still in development stage( a... — read more
Is there a Plan C with 3M?
Looks like the Plan A was bankrupt aearo. The indy judge nuked that option. Plan B is the ongoing layoffs (Mike refuses to give a number because perhaps Monish is running the show and Mike is just a figurehead). Plan C? Retire Mike and bring back... — read more
Pay the veterans with stock shares
Let them become shareholders
Why is Mikey absent from Morgan Stanley conference?
3M Company (MMM) Morgan Stanley 10th Annual Laguna Conference (Transcript)
Combat Arms Earplug Manufacturer 3M Must Stop Mistreating Veterans
https://www.google.com/amp/s/www.military.com/daily-news/opinions/2022/09/13/combat-arms-earplug-manufacturer-3m-must-stop-mistreating-veterans.html/amp
3M Should Be Blocked From Health Care Spinoff, Suit Argues
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/3m-blocked-health-care-spinoff-211318259.html
Investors Should Steer Clear Of 3M
Sep. 14, 2022 11:30 AM ET Summary Given 3M's rising legal risks, bloated balance sheet, and deteriorating outlook, we think investors should steer clear of the company. During 3M's second quarter earnings update, the firm cut its full-year... — read more
Down play the layoffs this time
To make outerside think nothing wrong with this company
Earplug law suit
Update???
How to Build a Toxic Culture 101
The toxic culture at 3M has been growing over time. It’s particularly evident at QOR time and Strategic Planning time. Having spent most of my career working at the division level and BG level when those plans are put together I saw that leaders were... — read more
Former 3M vice president pleads no contest to amended charges
https://www.twincities.com/2022/09/12/former-3m-vice-president-pleads-no-contest-to-amended-charges/ And the hits just keep on coming…
Top dog got new job quick
From news Kimberly-Clark Names 3M Exec to Lead Supply Chain Tamera Fenske previously served as 3M's senior vice president of manufacturing and supply chain.
What has the "hit" been so far?
I've heard about the layoffs in both external and internal news but have yet to see any layoff action. is 3M still in planning the layoffs or has action already been taken at sites?
Is this a surprise to anyone?
For a long time now, 3M have been rewarding under-qualified and under performing managers. All of the UK manufacturing plants are run by the same people who just keep moving around, making mistakes then getting sidestepped to another role... — read more
Interview this week- not feeling great
Interview scheduled this week and not feeling great after doing some research. Not sure if I’m over reacting but news of layoffs and litigation are some serious red flags. How is the culture?
3M unit's bankruptcy could put U.S. mass tort system on trial (09/12/2022)
https://www.axios.com/2022/09/12/3m-unit-bankruptcy-mass-tort-system
Roll over pension?
I no longer work at 3M, so have the opportunity to lump sum rollover the pension to an IRA. Given all the uncertainty of 3M, wondering if others have done this or what your thoughts are on the topic?
Plan B
Things may be going differently than what everyone thought. The 4M legal team sucks