Last year, conglomerate 3M avoided the declining revenue and divestments that afflicted some of its peers like General Electric. But 3M nevertheless faced major turbulence, some of it related to global trade tensions, and shares in the maker of Post-it notes tumbled. This April, it announced it would eliminate 2,000 jobs—about 2% of its workforce—as part of a corporate restructuring. It also reported lower-than-expected sales for 2019 so far, in several countries including China.
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