Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Target cuts jobs worldwide, Canada not affected by 'streamlining'

MINNEAPOLIS - Target Corp. says it's letting go 475 employees worldwide.

The retailer, based in Minneapolis, also said it has eliminated 750 open positions over the last six months.

None of the cuts affect Canada.

Most of Target's employees are in the United States, where the company had more than 360,000 according to a regulatory filing last year. There are 20,000 employees in Canada.

A spokesperson for Target Canada said the changes made were about "transforming Target and streamlining our operating model."

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 (NYSE:TGT) 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 warned this week that the security may also have affected Canadian customers and led to their personal information being stolen.

Target said its investigation found that personal information — like the names, addresses, emails and phone numbers of some Canadians — may have been stolen. The breach did not extend to payment data for the debit and credit cards of Canadians, which is what was taken from U.S. customers, it said.

Target moved into Canada early last year with much fanfare, but complaints about price differences with the U.S. and trouble keeping shelves stocked dampened enthusiasm for the retailer.

In the United States, Target also said moved this week to cut health care coverage for its part-time workers, citing new options now available through health care exchanges under the Affordable Care Act.

— With files from the Canadian Press.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
Submit a Random Act of Kindness
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates