3M offers early retirement to 4,900 employees
3M Co
We are responding to the current economic situation by aggressively controlling costs and conserving cash, said spokeswoman Jacqueline Berry.
3M began to curb spending in the third quarter through a hiring freeze and reduced travel, she added.
The company has about 80,000 employees worldwide, according to its website.
(Reporting by John Stoll)
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