☰

Bolsa, mercados y cotizaciones

3M cuts nearly 1,800 positions


    NEW YORK (Reuters) - 3M said on Monday the company will reduced nearly 1,800 positions across the company in Q4.

    HIGHLIGHTS

    * Sees 10% decline in Q4 organic volume

    * Cuts FY 2008 earnings per share view to $5.10 to $5.15

    excluding items

    * Sees 2009 organic volumes to decline in the range of -3% to -7%

    * Sees FY 2009 earnings per share view $4.50 to $4.95

    * Sees 2009 margins are expected to be consistent with 2008 levels

    * Says rationalizing 10 manufacturing, technical and office

    facilities around the world

    * Reaffirms commitment to continued investments in emerging markets,

    such as China, India

    * Says to continue investments in emerging markets, such as

    China, India, the Middle East and Latin America

    * Reuters Estimates FY 2008 earnings per share view $5.44,

    revenue view $26,251.80 million

    * Reuters Estimates FY 2009 earnings per share view $5.38,

    revenue view $26,816.56 million