3M Co. has announced it is slashing about 6,000 positions worldwide at a time when discretionary spending is down. The conglomerate, which manufactures power tools, personal protective equipment in addition to the Scotch Tape and Post-It Notes brands, employed around 92,000 people at the end of the last calendar year.
“We announced actions that will reduce costs at the corporate centre, further simplify and strengthen our supply chain structure, and streamline our go-to-market business models, which will improve margins and cash flow,” CEO Mike Roman said.
