Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

3M laying off 1,500 workers, reports weak financial results


January 29, 2020

Glen Stubbe – Star Tribune

3M global headquarters in Maplewood.

3M is cutting 1,500 jobs and further restructuring the company, as it reported fourth-quarter earnings that plunged 27%.

The results reported Tuesday, which included nearly $350 million in new charges related to litigation and the restructuring, were driven by a weakness in Europe and Asia, especially China, and in key automotive, electrical and industrial markets.


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