3M plans for 6,000 more layoffs


Shares of 3M Co. were moving about 2% higher in premarket trading Tuesday after the company saw its profit for the latest quarter fall but top expectations.

3M MMM also announced a restructuring plan that comes with 6,000 more global job cuts. The actions “will reduce the size of the corporate center of the company, simplify supply chain, streamline 3M’s geographic footprint, reduce layers of management, and further align business go-to-market models to customers,” according to 3M’s earnings release.


This article was originally published by Marketwatch.com. Read the original article here.

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