Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

3M to Cut 5000 Jobs
Apr 2001
ST.PAUL, Minn., April 25 -- Minnesota Mining & Manufacturing Co. (3M) will cut 5000 jobs and boost productivity in order to help it deal with slowing worldwide economic growth and the strong US dollar, the company said. The job cuts, equal to 7 percent of its workforce, will occur during the next 12 months. About half of the cuts will be outside the United States.
    3M made the announcement as it reported first-quarter earnings in line with expectations. The company had income from operations of $467 million, or $1.16 a share, compared with $456 million, or $1.13 a share, a year ago. Sales rose 2.3 percent to $4.17 billion from $4.05 billion. 3M's products range from Post-It notes and Scotch tape to industrial adhesives and fiber optic connectors.

industrialNews & Features

Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.