About 4,900 workers will qualify for the early-retirement incentives, according to the Pioneer Press. The company says it wants to lower costs and conserve cash.
Fewer than expected 3M employees accept early retirement deal
The Pioneer Press reports about 600 workers will participate in the incentive program. The Maplewood-based company offered the retirement package to about 4,900 employees in December and expected about 1,000 people to opt in. A spokeswoman told the newspaper, 3M didn't need a specific number of workers to accept the offer.