Would 3m give a fair settlement value to veterans? Would the lawyers push back in case an unfair settlement value is given? Would the media cover the settlement? Where will the company pay PFAS fines if it loses everything here?

Here is a site of a reputed law firm involved in the veterans lawsuit to stay up to date about the latest developments. https://www.millerandzois.com/amp/combat-arms-earplug-lawsuit.html

Prepare to be lowballed veterans!

The company has been publishing fraudulent patents for years now. I felt the dishonesty amongst the company deserves to be out in the open, almost none of their parents had gone through any academic review some even asserting things that were... — read more 

My lawyers told me realistically I can expect only $20000 that is way lesser than what was expected in the settlement. I have permanent damage to my ears and my quality of life has b been seriously effected by their faulty earplugs. Where is the... — read more 

The company is well known for screwing with large numbers of people, be it veterans or be it people poisoned with PFAS both in the US and outside. How can a multi billion dollar conglomerate sc--w over so many people and still be in operation, in a... — read more 

Most of their parents were baseless and lacked substance. When cream like that gets included in product, the result is a class action lawsuit, followed by bankruptcy. Why should I on the warehouse floor, pay the price for sketchy work done else where... — read more 

Lack of career advancement is really getting me down here. I've been stuck in a job with no progression for too long. This is one of the main reasons I intend to leave. I think that hardly anyone is satisfied with their career progression in this... — read more 

3M Co. shares have declined -25.5% year to date versus the Zacks Diversified Operations industry’s decline of -22.1%. The Zacks analyst believes that headwinds related to raw material and logistics cost inflation are hurting 3M’s bottom line. Supply... — read more 

The thread is getting too heated with pfas lawsuits, veterans lawsuits, bad management and high attrition rates discussions. To cool things off a bit, let’s change course and discuss stock predictions: what do folks think will be the stock value by... — read more 

2q earnings charge

I hear executives say things like “we arent going bankrupt” but i dont hear the justification behind why the lawsuits wont be a fatal blow to the company? Where is the case for optimism for our company? Is there one? What does the scenario look like?... — read more 

I joined 3m an year ago and recently started following the MDL trials. The first sixteen trials have resulted in an average payout of about $5 million per case. I learnt that there are about 288 thousand cases in total. The projections look scary and... — read more 

More selling of its businesses

I know no one wants to censor people. But this site was once a useful place for learning (and , yes, also venting) about 3M. But there also were insightful interpretations of corporate activities and valuable advice. Not any more. Now someone is... — read more 

I see that some here mention the selling of some business groups as an idea. If you were thinking like a businessman, would you say that selling a business group might be a good move at this time?

The company is running out of cash fast. Attrition is at an all time high. Soon no assets will be left. The legal troubles have left the company in a state that no one could have imagined.

Bureaucracy?

First step will be Healthcare, announced at next earnings call. Brining all the leaders to town to announce even though travel is banned. Layoffs announced then too. Final piece will be the break off the other parts. Moving all the businesses that... — read more 

its horrible for the workers, yes the production workers who are grafting and listening to these rumours, we dont get bonuses anymore , the top brass has taken away service dinners, production bonuses and and given us points award which i guess is... — read more 

I've been looking for a job for a while. Why do I think that it will be the most difficult to get a new job for those who were most comfortable here? I don't regret giving it my best here for one reason only. It wasn't valued here at all, but my... — read more 

Wtf

First the life savings go down with the stock, then the job security. Put two decades of work into this company and at the end of it I can say that it wasn’t worth it. Don’t know what comes next for some of us folks.

The only card that corporate higher ups have is cost cutting and layoffs will inevitably happen at some point this year keeping alive the tradition of yearly layoffs for the past 3 or 4 years. Why wait for layoffs to happen to look for new jobs ?... — read more 

I've heard rumor of a layoff announcement tomorrow (fri jun 23). Can anyone confirm or deny this?

To bring down a company to such an extent that has "survived" 120 years could be made into a case study. I no longer believe that issues here can be fixed and that the company can get back on track. Any optimists out there?

Based on the recent results of the bellwether trials and the sheer scale of the MDL, it seems the earplug lawsuit will take a major chunk of equity from 3m. Recession is creeping in as well, consumer spending is declining sharply, inflation is at an... — read more 

Home Personal Injury Products Liability 3M Combat Arms Earplug Lawsuit Attorneys 3M Combat Arms Earplug Lawsuit Attorneys Thousands of veterans and current military service members may be entitled to receive financial compensation in the 3M earplug... — read more 

I may be cut soon, but I don't envy those who will survive either. It is not enough to say that I am disappointed in leadership. I am more than disappointed in them. I think there are too many things they did wrong.

It is quite obvious that things are getting ugly. I think no one should feel safe, everyone should be prepared, but I wonder which groups will be the main target?

internal huddle but it is on the quiet, no details will be released until the following week. The true beginning of the end, mark it in your diaries , 120 years wiped out in several months

Heard there's another round of maasive layoff planned in Q3. The next earning call will be brutal. Anyone has further insights?

https://www.bloomberg.com/graphics/2022-3m-pfas-toxic-forever-chemicals-europe/

big announcement happening on 24th june, although insiders have said wall street has lost faith and share price will crash over the next fortnight, will be selling up this morning and getting best price

3M really doesn't want to control attrition anymore. Senior leadership literally doesn't care. They are counting on the attrition to do a 'quiet' layoff. Of course this means the best of us will go off and do something else. Oh well...

Everything is aimed toward enriching a few and exploiting the rest. I used to enjoy working here but things have changed so much that this place is completely unrecognizable. Anybody who's even considering joining 3M should walk away before they get... — read more 

I tried to get a promotion, but all the extra effort I put in was in vain.