3M Co.

NYSE:MMM   3:59:59 PM EDT
178.26
-3.90 (-2.14%)
4:00:00 PM EDT: $178.31 +0.05 (+0.03%)
Debt Financing / Related, Layoffs, Restructuring / Reorganization

3M Co Says Restructuring Is Expected To Impact Approximately 2,900 Positions Globally

Published: 12/03/2020 12:21 GMT
3M Co. (MMM) - 3m to Advance Operating Model, Improve Cost Structure, and Accelerate Innovation.
3m Co - Advancing Its Operating Model, Streamlining Its Business.
3m Co - Planning to Initiate Restructuring Actions That Will Impact All Business Groups, Functions and Geographies.
3m Co - Expects to Take a Total Pre-tax Charge of $250 to $300 Million, With $120 to $150 Million in Q4 of 2020.3m Co - Remainder of Pre-tax Charge is Currently Anticipated to Be Incurred Primarily in Second Half of 2021.3m Co - Restructuring is Expected to Impact Approximately 2,900 Positions Globally.
3m Co - Planning to Initiate Restructuring Actions That Will Impact All Business Groups, Functions and Geographies.
3m Co - Plans to De-prioritize Investments in End Markets Where Growth is Slower.