3M Co. said it would cut 2,000 jobs and restructure its sprawling business after demand for its tapes and adhesives fell in China and other important markets.
Shares in the manufacturer of Post-its and industrial products were down 10% in recent trading Thursday, knocking about 150 points off the Dow Jones Industrial Average, after 3M said its net sales fell 5% to $7.86 billion in the first quarter, a worse-than-expected result.
Has 3M introduced any new products lately?
I can see why revenue fell. They’re “safe for walls” adhesives took a gouge out of my walls. And...their Velcro adhesive only works for a bit - I learned the hard way! Lay off quality control division first.
But the TrumpTaxCuts! TrickleDown! What happened?!?!
This is not good.
punish the slaves...
Yo just can't Scotch Tape a broken digital touch screen.
Good. Because we Don't see 3M doing anything about Less plastic, less chemicals, less stupid blind greed. Hey 3M maybe people are sick of your pollution and raping this planet.
3M has plants in 37 nations. It's a global operation competing in a global market. It has 67000 employees globally and earns $20 billion in sales. Fifty eight % is overseas markets.
Make America Sticky again?
2,000 jobs worldwide, not in the U.S. alone.
no amount of tape could patch that hole
So basically poor management
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