3M’s headquarters in Maplewood

Maplewood-based manufacturing giant 3M is again cutting thousands of jobs.

On Tuesday, 3M announced plans to eliminate 6,000 positions globally amid yet another “restructuring” effort. That’s on top of the 2,500 job cuts announced earlier this year.

In a Tuesday news release, 3M officials said the latest round of job cuts is aimed at making the company “stronger, leaner, and more focused.” The company said the move will affect employees across all of its businesses, though it didn’t share precisely what type of jobs will be eliminated.

3M expects the reductions to save between $700 million and $900 million on a pre-tax basis.

“The structural reorganization will reduce the size of the corporate center of the company, simplify supply chain, streamline 3M’s geographic footprint, reduce layers of management, and further align business go-to-market models to customers,” company officials said in the release.

According to 3M’s year-end filing with the U.S. Securities and Exchange Commission, the company employed 92,000 full-time employees at the end of 2022. That means the latest job reductions amount to a decline of just over 6%.

What’s driving yet another round of job cuts? Declining revenue likely played a role. In the first quarter of 2023, 3M said its net sales dropped 9% to $8 billion. The company’s net income, meanwhile, dropped about 25% to $981 million.