3M Slashing 1,800 Jobs, Many in U.S.
Maplewood, MN, Dec. 8, 2008--3M Co. is cutting 1,800 jobs in the fourth quarter and ordering some workers to take vacation or unpaid time off for the last two weeks of the year.
3M spokeswoman Jackie Berry told the Minneapolis Star Tribune for a story posted Friday night that the worsening economy forced the cuts. She told the newspaper she didn't have a dollar amount on how much the company expects to save. The company is also postponing merit pay for next year, she said.
The company had earlier announced 1,000 job cuts in the third quarter, which ended Sept. 30. The 1,800 new layoffs will come from the U.S., Western Europe and other developed nations.
Berry didn't say where specific cuts would be made, but told the Star Tribune "several hundred" will be in the United States.