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3M Trading Volume Drops 33.43% to $346 Million Ranking 216th Amid Layoffs and Plant Closures
Generated by AI AgentAinvest Market Brief
Tuesday, Apr 15, 2025 7:51 pm ET1min read
On April 15, 2025, 3M's trading volume was $346 million, a 33.43% decrease from the previous day, ranking 216th in the day's stock market.
(MMM) fell by 0.55%.3M has announced that it will be laying off 2,500 employees, which is about 3% of its total workforce. The company stated that this decision is part of its restructuring efforts to improve operational efficiency and reduce costs. The layoffs will primarily affect the company's manufacturing and administrative departments.
3M has also announced that it will be closing two of its manufacturing plants in the United States. The company stated that this decision is part of its efforts to streamline its operations and reduce costs. The closures will result in the loss of approximately 1,000 jobs.
3M has announced that it will be investing $1 billion in research and development over the next five years. The company stated that this investment is part of its efforts to develop new products and technologies that will drive future growth. The investment will be focused on areas such as healthcare, safety, and industrial products.
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