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3M's foreign focus includes jobs: Company tells investors it wants to lower its tax liabilities.
- Article from:
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Saint Paul Pioneer Press (St. Paul, MN)
- Article date:
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October 10, 2007
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Copyright informationCOPYRIGHT 2007 Saint Paul Pioneer Press. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: John Welbes
Oct. 10--3M's plan to move its manufacturing operations closer to its hottest international growth markets is well underway.
As the effort continues, though, some technical and business-operation jobs will make the move as well.
At an investors' conference on 3M's Maplewood campus Tuesday, several executives talked about the company's international growth strategy and what it means.
"All of our key operations are in high-tax areas," said Pat Campbell, the company's chief financial officer, mentioning the United States, Western Europe and Japan. As the company's supply chain moves, he said, technical and business-side jobs will move to ...
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