January 27, 2009

Target to Cut 9 percent of Headquarters Jobs, Shut Distribution Center

Filed under: Retail,Target,US — DF @ 4:50 pm
Tags: ,

Target Corp. (NYSE:TGT) will cut 600 existing jobs and 400 open positions (about 9 percent of it’s workforce), mainly in its headquarters in Minneapolis. It will also close its Little Rock, Arkansas, distribution center, which employs 500, later this year, Target said today in a statement.

Source: Bloomberg

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