3M TO CUT 400 JOBS @ U.S. HEADQUARTERS

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3M TO CUT 400 JOBS @ U.S. HEADQUARTERS

 user 2006-12-12 at 2:40:00 pm Views: 66
  • #16985

    3M expected to cut 400 jobs
    December
    2006 — St Paul (MN): 3M is expected to cut roughly 400 jobs at its
    headquarters by the end of March.The job losses are part of the
    company’s restructuring plan that involves the elimination of IT,
    finance and human resources positions. The plans have already resulted
    in the loss of 150 jobs following the sale of property on the East Side
    of St Paul.3M has also announced that it has completed the sale of its
    pharmaceutical operations in the Asia Pacific region, including
    Australia and South Africa, to Ironbridge Capital and Archer Capital
    for $349 million.