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3M To Cut Hundreds Of Jobs In Coming MonthsBy: Carissa Wyant, Staff Writer
Minneapolis / St. Paul Business Journal
August 14, 2008
3M Co. is planning to cut several hundred jobs over the next few months, the company confirmed Thursday.
The cuts will begin in its industrial tapes and adhesives divisions. Workers in those businesses have already been informed by the company that it has plans for a reorganization. A 3M spokeswoman said the company plans to give those affected by cuts more information by the end of next week.
The company is evaluating several its business units due to the slow economy.
The Business Journal reported in February that the Maplewood-based manufacturer eliminated 141 jobs from its display and graphics unit. It laid off 63 workers in Maplewood and 78 from a facility in Cincinnati.
3M (NYSE: MMM) has 76,000 employees total, with 34,000 in the U.S. and 16,000 in Minnesota.
http://www.bizjournals.com/twincities/stories/2008/08/11/daily26.html
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