3M to Cut 1,500 Jobs as Part of ‘Transformation Journey’
3M reported sales declined nearly two percent last year.
MAPLEWOOD, Minn.–Minnesota-based 3M is eliminating 1,500 jobs in what it says is the next step in its “transformation journey.” The company says it is restructuring as it moves to a new global operating model and streamlined organizational structure. 3M took a pre-tax restructuring charge of 134 million dollars in the fourth quarter of 2019. The company expects eliminating the positions…
