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 This material may not be published, broadcast, rewritten or redistributed.)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

  • Local Shoppers Manage Budgets Amid High Holiday Spending Predictions

    The countdown to Christmas is officially on with only five days left for shoppers to get all of their gifts this year. For people on the receiving end this holiday season, it really will be the most wonderful time of the year, as the National Retail Federation predicts consumer spending will be up 4.1 percent this holiday season...

  • 12 Minnesota Hospitals Face Medicare Penalties

    Federal data released this week shows a dozen Minnesota hospitals face penalties from the Medicare program for having a high rate of patients with infections, bed sores or other complications that could be prevented.

  • Teacher Seniority Headlines Minn. GOP's Education Plans

    Minnesota Republicans back in control of the state House will likely pursue changing how public school teachers are laid off.

  • Federal Ruling Means No Killing Wolves Unless Endangering Human Life

    A federal judge has overturned an Obama administration decision to remove the gray wolf population in the western Great Lakes region from the endangered species list.

  • Another Round of Budget Cuts at UWS

    UWS announced on Friday at an open forum that it will be eliminating academic programs and faculty positions to help to university save money. Four graduate programs and four undergraduate programs will be cut. The university is also severing ties with a music professor and a visual arts professor.

 

Winter Storm Watch

MN AREAS AFFECTED: Northern Cook, Northern Lake; Southern Cook, North Shore; Southern Lake, North Shore
Expires: 12/23/2014 6:00 PM

Advertisement
Advertisement
Advertisement
Advertisement