Latest 3M Restructuring to Impact 2,900 Positions Worldwide
3M reports that recently announced changes will enable it to be better positioned to take advantage of global market trends in e-commerce, personal safety, health care, automotive electrification, and home improvement.
As the global economy shifts in the wake of the COVID-19 pandemic, 3M recently announced that it is advancing its operating model, streamlining its business, and focusing on global trends where the company will apply science to life in new ways to drive sustainable growth.
“The COVID-19 pandemic has advanced the pace of change and disrupted end markets around the world, increasing the need for companies to adapt faster,” said Mike Roman, chairman and CEO. “At the same time, we are seeing significant opportunities from our new operating model which we launched at the start of the year. As a result, we are taking further actions to streamline our operations, positioning us to deliver greater growth and productivity as global markets emerge from the pandemic.”