Tuesday, January 27, 2009

Target eliminates positions amid weak sales - Yahoo! News

NEW YORK (Reuters) – Discount retailer Target Corp (TGT.N) said on Tuesday that it will cut roughly 600 jobs at its headquarters, leave another 400 positions unfilled and close a distribution center that employs 500 workers as it contends with weaker-than-expected sales.

Target, which has roughly 350,000 employees, also suspended salary increases for senior management.

http://news.yahoo.com/s/nm/20090127/bs_nm/us_target

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