abc
QUICK LINKS:

Target to Lay Off 475 Employees Systemwide

Updated: 01/23/2014 12:22 PM
Created: 01/22/2014 5:23 PM WDIO.com

MINNEAPOLIS (AP) - The Target Corp. hasn't said publicly where the loss of nearly 500 jobs will fall.

The giant retailer, based in Minneapolis, says it's terminating 475 employees worldwide. And over the last six months, Target says it has eliminated 700 open positions.  Target has about 10,000 corporate employees in downtown Minneapolis.

The move comes almost two weeks after Target lowered its fourth-quarter profit outlook as it grapples with the fallout of a massive security breach. The company was planning on big holiday sales, but instead was victimized by the data breach that hurt its image and stock prices and sent shoppers elsewhere.

Target also says it will no longer be offering health care coverage for its part-time workers. The company cites new options now available through health care exchanges under the Affordable Care Act.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

Front Page

  • Four Residents Escape Lincoln Park Apartment Engulfed in Flames

    A home in the Lincoln Park neighborhood was enveloped by flames early Wednesday morning. All four people were able to leave the apartment complex safely. Our crew arrived around 5:00 a.m. at the 2700 block of West 4th Street in Duluth.

  • Superior Murder Trial Delayed after New Evidence Released

    Juan Leonardo Padilla, 40, of Fort Mohave, Ariz., is charged with the shooting death of 46-year-old Terrance Rodney Luukkonen of Duluth last May. Luukkonen was shot outside his workplace at Genesis Attachments in Superior.

  • Homemade Audio Unveiled During Day 2 of Byron Smith Murder Trial

    It was a homemade recording inside Byron Smith's home. The hand held device was next to Smith's chair during the shootings. Smith didn't turn it over to police, or even tell them about it. Investigators found the evidence while searching Smith's home the day after the shootings. Although it was 6 hours long, 14 minutes of the audio clip were played in court Tuesday. 

  • Construction to Begin on Last Major St. Louis County Road Damaged by 2012 Floods

    While the devastating floods of 2012 may be a distant memory for some, there are still some visible scars left - including on one western Duluth road. 57th Avenue West and Highland Street is the last major St. Louis County road still damaged by the flooding.

  • Duluth School Board Approves Plan to Help Sell Central High

    One of Duluth's most scenic vantage points - the Central High School property, has been up for sale for most of four years, but still sits empty. On Tuesday night, school and city leaders took a step to do something about that: a formal working arrangement has been made.

 
Advertisement