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3M will lay off 6,000 workers worldwide as demand falls.
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3M will lay off 6,000 workers worldwide as demand falls.
In a second round of layoffs this year, 3M Co will eliminate around 6,000 jobs globally.
In a second round of layoffs this year, 3M Co will eliminate around 6,000 jobs globally.
It will change its emphasis to high-growth industries such as automotive electrification and home remodeling
The company's consumer electronics segment plummeted 35% in the first quarter.
3M anticipates overall pretax restructuring expenses of $700 million to $900 million, with roughly half occurring in 2023 and the remainder in 2024.
