Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| 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 | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 127.84 | 88 | 10:40:15 |
From Nov 2023 to Nov 2024
By Ben Glickman
3M will freeze U.S. pension plans for non-union U.S. employees at the end of 2028.
The St. Paul, Minn.-based healthcare and consumer goods company said that the move was part of a shift toward a 401(k) retirement plan structure.
3M said the pension freeze applies to 3M and its soon-to-be-independent healthcare spinoff's U.S. pension plans.
Chief Executive Mike Roman said the decision "helps to set up both companies for future success." He added that the decision was difficult because it impacts workers across the U.S.
The company said employees receiving pensions will continue to get benefits until the freeze date.
Former employees with vested pension benefits, retirees from the company and recipients of pension annuity payments are not affected.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
January 08, 2024 08:29 ET (13:29 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
1 Year 3M Chart |
1 Month 3M Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
