Posted Feb 1, 2023, 1:48 PM
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Registered User
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Join Date: Jun 2016
Location: London
Posts: 9,036
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Interesting info recently in London Magazine.
Of note is the 3M office on Tartan Dr has 135,000 sq feet of office space and it's still on the market. Still no news on the WSIB plans.
3M mum on possible job cuts in London; city presence undergoing radical change
Earlier in the week, 3M Co. announced plans to cut 2,500 jobs globally, primarily in manufacturing, “to further align with adjusted production volumes,” although it has not said whether that will include any of the 1,800 or so workers employed in Canada. In addition to the Canadian headquarters, which employs about 400 office workers, London is also home to 3M’s largest Canadian manufacturing plant on Oxford Street East, where products such as duct tape and sandpaper are made by about 150 employees.
The upshot: Though there’s no clear idea if layoffs will be part of it, the future of 3Ms footprint in town is certainly changing. In September, the global manufacturing giant confirmed that its iconic London headquarters building on Tartan Drive is up for sale, with most of its corporate staff now working remotely (the asking price for the 135,000-square-foot facility has not been disclosed by Toronto-based Cresa, the commercial brokerage handling the listing). That announcement joined news that the company would be spinning off its healthcare business into a separate publicly traded company by the end of 2023. So, for many 3M employees in London, it’s a bit of an anxious game of wait-and-see.
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