Advertisement

In Grinding Manufacturing Slump, 3M Cuts Another 1,500 Jobs

In Grinding Manufacturing Slump, 3M Cuts Another 1,500 Jobs

The Associated Press
Created: January 28, 2020 04:25 PM

A profound slump in manufacturing and a trade war that has slowed economic growth in China has led to a second round of layoffs at 3M.

Advertisement

The Minnesota-based company makes Post-it notes as well as  industrial coatings and ceramics.

The 1,500 job cuts come on top of the 2,000 jobs the company trimmed less than a year ago. CEO Michael Roman said the cuts will occur across all business groups and geographies.

Earlier this month, the Institute for Supply Management reported that U.S. manufacturing activity fell to the lowest level in more than a decade.

A survey by the association of purchasing managers found that companies are uncertain about trade and are seeing weak demand from abroad.

Credits

The Associated Press

Copyright 2020 The Associated Press. All rights reserved.

Advertisement
Advertisement

Husky Refinery Evacuated, Tower at Risk of Falling

Two Harbors Robo Dweebs Head to State Competition

Essentia Buys Former Sears Store

Cleveland-Cliffs Preparing for Transformational Year

B105 Kicks Off Day One of St. Jude Radiothon to Help Kids Battling Cancer

UMD Labovitz School of Business and Economics Making Changes to Analytics Program

Advertisement