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3M laying off 10 percent of workforce amid slowing demand
The Hill ^
| 04/25/2023
| KARL EVERS-HILLSTROM
Posted on 04/25/2023 9:03:43 AM PDT by ChicagoConservative27
American manufacturing giant 3M will cut 6,000 jobs to reduce costs as global demand for goods slows, the company said Tuesday.
The layoffs are in addition to the 2,500 job cuts 3M announced earlier this year. The Minnesota-based company plans to reduce its workforce by around 10 percent.
3M CEO Mike Roman said on an earnings call that the layoffs “will span all functions, businesses and geographies.” The layoffs will reduce costs by up to $900 million annually.
3M, which manufactures a wide range of products including N95 respirators and Post-it notes, pointed to “significant weakness in consumer electronics and consumer retail.”
(Excerpt) Read more at thehill.com ...
TOPICS: Business/Economy; Culture/Society; News/Current Events; Your Opinion/Questions
KEYWORDS: 3m; laying; off; workforce
Better get those unemployment checks back up to covid levels $1,500 bucks twice a month... (S)
To: ChicagoConservative27
SLOW DEMAND. instead of Economy Crashing, Nice Word salad.
To: ChicagoConservative27
Get ready for a shortage of Post-It Notes!
The horror!
3
posted on
04/25/2023 9:09:36 AM PDT
by
unixfox
(Abolish Slavery, Repeal the 16th Amendment)
To: ChicagoConservative27
Minnesota Mining & Manufacturing won’t be doing much of either if the left prevails!
4
posted on
04/25/2023 9:16:20 AM PDT
by
JimRed
(TERM LIMITS, NOW! Militia to the border! TRUTH is the new HATE SPEECH.)
To: COSIllinois
Corporate musical chairs...
5
posted on
04/25/2023 9:17:18 AM PDT
by
glorgau
To: ChicagoConservative27
They just need to resurrect the 8-Track market…. Could happen, vinyl is back!!
6
posted on
04/25/2023 9:21:16 AM PDT
by
OKC Patriot
("Never Forget"!)
To: unixfox
No tape!....................
7
posted on
04/25/2023 9:21:44 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: unixfox; Rennes Templar
3M, which manufactures a wide range of products including N95 respirators and Post-it notes... Sticky business.
Things that make you go mmm... 🤔
8
posted on
04/25/2023 9:26:15 AM PDT
by
Ezekiel
(🆘️ "Come fly with US". Ingenuity -- because the Son of David begins with Mars ♂️, aka every man)
To: ChicagoConservative27; FRiends
Was curious, so I looked up what they make:
3M Our Brands
“With over 60,000 products in our portfolio, 3M brands deliver science-based performance and extraordinary outcomes across almost any industry you can imagine.”
https://www.3m.com/3M/en_US/company-us/our-brands/
9
posted on
04/25/2023 9:50:58 AM PDT
by
Diana in Wisconsin
(I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
To: Diana in Wisconsin
Biden’s economy is doing great.
To: JimRed
3M has a long history of polluting the Minneapolis/ St. Paul metro groundwater.
11
posted on
04/25/2023 10:20:03 AM PDT
by
Sawdring
To: COSIllinois
The real *crash* will be here, this Summer. It won’t be on the order of 1929, but it will be a ***Depession***.
12
posted on
04/25/2023 10:26:17 AM PDT
by
Carriage Hill
(A society grows great when old men plant trees, in whose shade they know they will never sit.)
To: ActresponsiblyinVA
That’s the rumor being spread! ;)
13
posted on
04/25/2023 10:27:54 AM PDT
by
Diana in Wisconsin
(I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
To: ChicagoConservative27
14
posted on
04/25/2023 10:47:37 AM PDT
by
redgolum
(We are not going to make it, are we. )
To: Ezekiel
A rather tacky post, IMO.
15
posted on
04/25/2023 10:50:55 AM PDT
by
Rennes Templar
(Come back, President Trump.)
To: ChicagoConservative27
Yeah Biden says he wants to run again.
16
posted on
04/25/2023 11:22:43 AM PDT
by
Vaduz
(....)
To: ChicagoConservative27
17
posted on
04/25/2023 2:14:16 PM PDT
by
DoughtyOne
(I pledge allegiance to the flag of the USofA & to the Constitutional REPUBLIC for which it stands.)
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