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Friday May 43M to Cut 7 Percent of Work Force

CHICAGO -- Minnesota Mining & Manufacturing Co. will cut 7 percent of its work force and boost productivity in the face of unpredictable markets and currency trends.

The St. Paul, Minnesota-based company said about half of the 5,000 jobs to be eliminated during the next 12 months will be outside the United States. It declined to provide details on where the cuts will be made, saying it will make additional announcements in the coming weeks as employees are notified.

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