3M to Cut 1,500 Jobs in Global Restructuring

The video discusses 3M's recent restructuring efforts, including job cuts and changes in business structure. It highlights the company's financial charges related to litigation over 'forever chemicals' and addresses macroeconomic concerns affecting growth. The video also examines 3M's innovation challenges, noting a shift in strategy with the acquisition of Excel ITI, raising questions about the effectiveness of their R&D pipeline and the potential risks of the acquisition.

What major organizational change is 3M implementing in its restructuring efforts?

• Reporting by business segments instead of geography

• Increasing the number of job positions

• Focusing solely on geographical expansion

• Eliminating all business segments

What is the projected organic growth rate for 3M, and how does it compare to investor expectations?

• Negative growth, which is unexpected

• Flat to 2%, which is below expectations

• 3% to 5%, which exceeds expectations

• 5% to 7%, which meets expectations

What percentage of 3M's sales were from products invented in recent years?

• 40%

• 30%

• 20%

• 10%

What significant acquisition did 3M make, and for how much?

• Chemours for $10 billion

• DuPont for $5 billion

• Excel ITI for nearly $7 billion

• BASF for $8 billion

What concerns are raised about 3M's acquisition of Excel ITI?

• The company was poorly managed

• The acquisition cost was too low

• The expected synergies and returns are uncertain

• The acquisition was not aligned with 3M's core business