MAPLE GROVE, Minn. – The Minnesota-based conglomerate 3M will cut 2,900 jobs globally in restructuring itself, the company announced. The company has 93,000 employees worldwide. The effect on Minnesota was not broken out. The restructuring, the company said, is designed to position 3M for growth as global markets emerge from the pandemic. There will be a shift into health care, e-commerce and home improvement markets, the company said.
Verbatim
3M’s broad and vague explanation: “The company will further enhance its operations and marketing capabilities. In operations, 3M will eliminate redundancies and better use analytics to drive additional efficiencies. In marketing, 3M will build on its success in utilizing data insights, accelerating global marketing programs, and activating digital engagements with customers.”