MAPLEWOOD, Minn. – A signature Minnesota company, 3M, which is famous for Scotch tape and PostIt notes, will lay off 6,500 more employees in a new round of corporate downsizing. I an earlier cutback, in January, 3M chopped 2,500 manufacturing jobs. Rhis is from a global workforce of 92,000 — roughly 10% altogether. Most of the new cuts will be at corporate headquarters in Maplewood and in the 3M product supply chain, said Chief Executive Mike Roman. The streamlined supply chain will rely more on contractors, he said. Another result, he said, will be stronger cash flow.
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Roman: “We will continue to prioritize investments in high-growth end markets where 3M science gives us a clear competitive advantage. The company will become “stronger, leaner and more focused,” he said.