search query: @all company restructuring / total: 74
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| Author: | Stewart, T. |
| Title: | 3m fights back |
| Journal: | Fortune
1996 : FEB 5, VOL. 133:2, p. 42-47 |
| Index terms: | MANAGEMENT TECHNOLOGY INNOVATION |
| Language: | eng |
| Abstract: | The Cal Ripken of corporate consistency stumbled last year - but don't think #M is in trouble. The company's travails are the result of the very things that make it successful. Whoever it is that puts a silver lining in every cloud is the same character who drops rain on every parade. Lately he has been busy up in Minnesota. In mid-November, the Minnesota Mining and Manufacturing Co., a paragon of corporate consistency, announced the biggest restructuring in its 93-year history. In the fourth quarter of 1995, 3M took a $600 million charge against earnings, equivalent to 27% of 1994 operating income. |
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