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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| 3M Company | NYSE:MMM | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.34 | 0.35% | 97.15 | 98.19 | 96.84 | 97.58 | 4,818,716 | 01:00:00 |
From May 2022 to May 2024
By Colin Kellaher
3M Co. on Tuesday said it plans to cut about 2,500 manufacturing jobs around the world, as the conglomerate braces for macroeconomic challenges this year.
The St. Paul, Minn., company said the job cuts, which are based on what it is seeing in its end markets, are needed to align with adjusted production volumes.
3M joins a raft U.S. companies that are slashing staff at the start of the year amid waning demand and weaker revenue.
3M, which has about 95,000 employees according to data from FactSet, said it expects to book a pretax restructuring charge of $75 million to $100 million in the first quarter.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 24, 2023 07:03 ET (12:03 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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