After announcing in January that it would cut about 1,500 jobs in another restructuring, 3M has since moved to eliminate an additional 1,700 positions due to COVID-19 and the sale of its drug delivery business.
During the second quarter, 3M committed to a restructuring directly related to the pandemic and its economic impacts, leading to about 400 job cuts worldwide, the company said in a recently filed report with federal securities regulators.
In addition, about 1,300 jobs were eliminated with the $650 million sale of most of 3M’s drug delivery business to Altaris Capital Partners, which closed in May, the filing said.
The business’ roughly 900 direct employees in Maplewood remain in the Twin Cities, simply having been transferred f…
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