*NEWS*3M CUTS 240 INKJET CTG U.S. JOBS

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*NEWS*3M CUTS 240 INKJET CTG U.S. JOBS

 user 2007-10-01 at 10:57:00 am Views: 46
  • #18824

    3M continues to streamline
    Will cut 240 jobs in Missouri, shift work to Singapore, California plants
    3M
    Co. will eliminate 240 jobs at an electronic circuits plant in
    Columbia, Mo., in coming months, part of a continuing strategy of
    streamlining its manufacturing operations.Work done by the Missouri
    employees will be consolidated at factories in Singapore and Canoga
    Park, Calif., 3M said Thursday.The move is part of a continuing
    consolidation as 3M works to move production closer to customers, said
    Jacqueline Berry, a 3M spokeswoman.
    The
    circuits made in Columbia are used in ink-jet cartridges. The jobs
    being eliminated include 200 hourly and 40 salaried employees and will
    be phased out between now and next June. About half of the Columbia
    plant’s workforce will remain on the job.

    In the last
    couple of years, Maplewood-based 3M has been constructing about 20 new
    or expanded manufacturing plants around the globe while also closing a
    handful. The changes all have been tied to a strategy led by 3M CEO
    George Buckley to align manufacturing with 3M’s booming international
    business. The company generates more than 60 percent of its revenue
    overseas.During a presentation to investors Wednesday in New York,
    Buckley noted the company has closed about half a dozen manufacturing
    plants. He mentioned one in Canada, two in Italy, one in Japan and two
    or three in the United States.Those closures include an integrated
    circuits plant in Eau Claire, Wis., Berry said, and a roofing granule
    plant in New Jersey, a flexible circuit plant in Japan and a visual
    films plant in Italy.Buckley told analysts he’d like to keep the number
    of plant closures small as 3M works to become more efficient, though he
    mentioned the company may have more facilities than it needs in Western
    Europe.