Target Rescinds Offers (Jan ‘15)
Thoughts On 2014 Target Layoffs (Jan ‘14)
The speculation can end now in Minneapolis regarding the impact on Minnesota jobs following the January announcement that Target was closing it’s Canadian stores.
This released from Target this morning:
In January, Target announced the company had made the difficult decision to end our Canadian operations. At that time, we shared there would be a headcount reduction at our U.S. and India headquarters as well. Today we informed impacted team members that approximately 550 positions in Minnesota and 170 in India will be eliminated over time.
That includes approximately 350 Minnesota-based positions that are being eliminated today. The majority of the remaining team members are needed through the closure of the Target Canada stores and their positions will be eliminated following the liquidation period.
All affected team members will remain on the payroll for at least 60 days. In addition, comprehensive severance packages are being given to team members based on their years of service. Additionally, each team member will be provided with career outplacement support. Target will also pay the employer portion of their benefits coverage for the next six months.
This is a difficult day for the Target team but we continue to believe that the steps we are taking are the right ones for the company.