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3M to Cut 2,900 Jobs in Restructuring

After laying off 1,500 employees in January, the industrial and consumer goods manufacturer, 3M is once again downsizing, moving forward with its new operating model. The restructuring will incur a pre-tax charge of $250 million to $300 million and impact 2,900 positions globally, or about 3% of 3M's total headcount. St. Paul, Minnesota-based 3M said the move will better position the company to enhance its operations and marketing capabilities. Read more

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