What Is The Growth Expected Of Markets Served By 3M’s Electronics & Energy Segment Over The Next 5 Years?
Over the last few years, 3M (NYSE:MMM) has been consolidating a number of businesses within Electronics and Energy to make itself more relevant to customers, and more efficient. However, the ongoing softness in the electronics market resulted in a fall of 13.6% in the sales of the Electronics and Energy business in Q1 2016. This was driven by an 18% decline in electronics-related sales, primarily in Asia Pacific, where the company’s electronics business is concentrated. This has led the company to take further actions, such as the reduction of 250 positions worldwide, with the majority of reductions on the electronics side of the business. This will result in an estimated Q2 charge of $20M.
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Notes:
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