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3M Co cutting 1,800 staff: report


    NEW YORK (Reuters) - 3M Co. is cutting 1,800 jobs in the fourth quarter, postponing "merit pay" in 2009 and ordering some workers to take vacation time or time without pay during the last two weeks of December, the Minneapolis Star Tribune reported on Friday.

    The paper cited 3M (MMM.NY)spokeswoman Jackie Berry saying the difficult economy forced the company's hand but couldn't say how much the company hoped to save by the job actions.

    CFO Patrick Campbell had disclosed last month at a meeting with Goldman Sachs that there would be additional job cuts on top of the 1,000 announced during the third quarter, the paper said. It said the 1,800 new layoffs will come from the United States, Western Europe and other developed nations.

    3M was not immediately available for comment.

    (Reporting by Megan Davies)