3M Co. plans to cut 1,500 jobs in a global restructuring effort as the maker of touchscreens and Post-it Notes fights sluggish growth overseas and a strong U.S. dollar that’s crimping sales.
The workforce pullback, about 1.7 percent of 3M’s total at the start of the year, was announced Thursday along with a reduction in the top end of the company’s 2015 profit forecast. 3M said the move will result in pretax savings of $130 million next year, and the stock rallied.
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The workforce pullback, about 1.7 percent of 3M’s total at the start of the year, was announced Thursday along with a reduction in the top end of the company’s 2015 profit forecast. 3M said the move will result in pretax savings of $130 million next year, and the stock rallied.
Help employers find you! Check out all the jobs and post your resume.
