Tag: 3M

3M’s $6B Earplug Settlement Moves Forward

3M’s $6B Earplug Settlement Moves Forward

With approval from the overwhelming majority of claimants, 3M’s massive earplug settlement is set to go forward. On Tuesday, the Maplewood-based manufacturer announced that more than 99% of claimants have
3M Taps Aerospace Exec as New CEO

3M Taps Aerospace Exec as New CEO

3M has named a new boss. On Tuesday, the Maplewood-based manufacturing giant announced that it has appointed William “Bill” Brown as CEO, effective May 1. He most recently served as
3M to Freeze Pension Plans

3M to Freeze Pension Plans

3M on Monday said it plans to freeze pension plans for nearly 9,000 non-union U.S. employees in the coming years. The company announced that pension-eligible employees will continue to accrue
3M Settles Earplug Litigation for $6B

3M Settles Earplug Litigation for $6B

3M Co. and its subsidiary Aearo Technologies have agreed to a $6 billion settlement of a lawsuit accusing the companies of knowingly selling dysfunctional Combat Army Earplugs to the military.
3M to Lay Off 1,100 at Maplewood HQ

3M to Lay Off 1,100 at Maplewood HQ

3M on Monday said it plans to lay off 1,100 employees working for its Maplewood headquarters. According to a May 1 notice sent to the Minnesota Department of Employment and
3M to Ax 6,000 More Jobs

3M to Ax 6,000 More Jobs

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
3M Will Cut 2,500 Jobs Globally

3M Will Cut 2,500 Jobs Globally

Demand for some key 3M Co. products has been declining over the last year. With fewer consumers buying respirators and masks, the Maplewood-based manufacturing giant on Tuesday announced it will
3M Subsidiary Appeals Bankruptcy Plan Denial

3M Subsidiary Appeals Bankruptcy Plan Denial

3M Co. subsidiary Aearo Technologies is appealing a ruling by a federal judge's ruling that military veterans can continue litigating despite a bankruptcy filing. Indianapolis-based U.S. Bankruptcy Judge Jeffrey Graham
Innovating on the Inside

Innovating on the Inside

Not every company names its growth strategy. But General Mills Inc. is a global marketing machine, so the Golden Valley-based behemoth dubbed its spring 2021 blueprint “Accelerate.” The company is