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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.

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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.

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The Associated Press

Copyright 2020 The Associated Press. All rights reserved.

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