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Written by Margo Lakin
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Monday, 18 August 2008 |
MINNEAPOLIS -- Following last month’s decision to eliminate 300 jobs from the optical business unit, due to a 36% decline in sales of screen-brightening films, 3M Co. recently announced that it will also cut several hundred jobs in the industrial adhesives and transportation business as a result of the slumping economy.
“It’s the current market conditions in the United States and the slowing US sales growth that are going to lead to the several hundred job elimination through the company over the next several months, “ explains spokeswoman Jackie Berry. Although jobs in the optical films and industrial tapes businesses will be affected, all six 3M businesses are reexamining their needs and readjusting their resources accordingly.
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