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
