3M Plans to Cut 1,500 Jobs
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3M said cutting jobs is part of a restructuring plan to cut costs by $130 million next year, and the cuts will mostly be in the U.S.
"We continue to take actions to strengthen our portfolio, increase our scientific edge through research and development, and transform our business process through a new global ERP system," said Inge G. Thulin, chairman, president and CEO of 3M, in a statement. "We are building a stronger, more streamlined and more focused company that can compete and win for years to come."
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Brendan Menapace
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Brendan Menapace is the content director for Promo+Promo Marketing.
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