3M to Slash 2,900 Jobs in Revamp as Pandemic Roils End Markets
- Changes aim for better positioning in post-Covid recovery: CEO
- Pretax restructuring charges to reach as high as $300 million
3M Co. 8210V N95 particulate masks.
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3M Co. plans to cut 2,900 jobs as Chief Executive Officer Mike Roman accelerates streamlining the company after the Covid-19 pandemic upended many of the company’s markets.
The cuts, affecting about 3% of the workforce, will hit all business groups, functions and regions, the maker of Post-it notes, medical masks and chemical additives said in a statement Thursday. The restructuring will result in pretax charges of as much as $300 million.