US Manufacturer 3M Says To Cut 2,000 Jobs On Slowing Demand
Umer Jamshaid Published April 25, 2019 | 07:52 PM
US industrial products manufacturer 3M announced Thursday it will cut 2,000 jobs worldwide, citing weakness in key markets that led to a steep decline in first-quarter sales
3M, which makes a wide variety of industrial goods and tools as well as everyday items such as Post-It notes, also slashed its full-year profit forecast.
The company said sales fell 7.4 percent in Asia Pacific and 9.4 percent in Europe-Middle East-Africa.
3M shares fell sharply in pre-market trading.
Recent Stories
Bugti assures transporters for addressing their problems
Deputy Prime Minister and Foreign Minister, Mohammad Ishaq Dar meets foreign min ..
3 drug peddlers arrested, hashish recovered
1496,990 children given polio drops in five days: DC
Six terrorists killed, hideout busted in N Waziristan IBO: ISPR
Pakistan, Qatar agree to further expand trade, investment ties
Sindh cabinet approves Rs177.5m to strengthen, mobilize various wings of police
Faisal Karim Kundi takes oath as new KP Governor
Azad Jammu and Kashmir Prime Minister Anwaar ul Haq Chaudhry seeks more vibrant ..
Tahaffuz Manzil Foster Home providing care & support to homeless children
PCB proposes April 7 -May 20 window; tweaks in rules for HBL PSL 2025
Field hospitals now operational across Punjab: Azma Bukhari
More Stories From Business
-
CRD survey unveils 18% Pakistanis quit smoking
9 hours ago -
NTUF granted patent for Innovative Multilayered Natural Fiber Composite Helmet
10 hours ago -
New industrial policy to be announced soon: Rana Tanveer
10 hours ago -
Commissioner orders implementation price control mechanism in toto
10 hours ago -
Jam Kamal holds meeting to tackle border area challenges
14 hours ago -
Speakers in TIIF for improving, corporate governance system in Uzbekistan
13 hours ago
-
Pak-Uzbek business community welcomes KSA’s $20 billion investment in Uzbekistan
15 hours ago -
BF leader calls retaining policy rate highest level ‘unfair
13 hours ago -
Equipping with essential skills vital for economic growth: Ahsan Iqbal
15 hours ago -
Gold rates dip by Rs.1,600 per tola to Rs. 238,000
16 hours ago -
Jam Kamal holds meeting to tackle border area challenges
16 hours ago -
China's fixed-asset transport investment hits 712.5 bln yuan in Q1
17 hours ago