Target Corp. Cutting Nearly 500 Positions Worldwide

3:55 PM, Jan 22, 2014   |    comments
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MINNEAPOLIS -- Target Corporation announced Wednesday that the company is eliminating 475 positions worldwide.

A spokesperson for the nation's No. 2 retailer told KARE 11 that another 700 positions have gone unfilled over the past six months.

In a statement released Wednesday afternoon the company said, "We believe these decisions, while difficult, are the right actions as we continue to focus on transforming our business."

Target spokeswoman Molly Snyder would not specify how many of the cuts affect the retailer's headquarters in Minneapolis, where about 11,000 employees work.

Snyder says "the majority of them employees will be on the payroll for at least 45 days and beyond that they will be given comprehensive severance packages based on their years of service."

The announcement comes as the company continues to deal with fallout after a security breach impacted millions of customers.

The company also announced Tuesday that Target will stop providing health coverage to its part-time workers on April 1.

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