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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.
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