3600 employees–or 11% of its workforce–have been offered voluntary, early retirement at 3M. Employees age 59 with five years of service or more and age 55 with 30 years of service or more are being offered this package. 3M, of course, is trying to cut down on its costs in a way that will allow it to weather the Recession more efficiently. Employees will have until May to make their decisions.
3M is a company that specializes in all kinds of manufacturing. Everything from Scotch Tape to post-it notes to industrial materials.