As a result of these actions, 3M initiated a restructuring that will reduce approximately 1,500 positions, spanning all business groups, functions, and geographies. On a pre-tax basis, 3M took a restructuring charge of $134 million in the fourth quarter of 2019. The company expects annual pre-tax savings of $110 million to $120 million, with $40 million to $50 million in 2020. On January 1, 2020, 3M implemented a new global operating model that further aligns its four business groups (Safety & Industrial, Transportation & Electronics, Health Care, and Consumer) with the company's customers and go-to-market models. In the new model, 3M's business groups now have full responsibility for all facets of strategy, portfolio optimization, and resource prioritization across their entire global operations. Under the prior model, the area and country teams that comprised 3M's International Operations organization were responsible for setting priorities in their regions.