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MINNEAPOLIS-In the face of a downward-spiraling economy and weak sales, Target Corp. has embarked on a workforce reduction, effective immediately, that will effectively eliminate approximately 9% of the employees. According to a press release from the company, reductions will primarily impact 600 employees and 400 open positions, mainly in the Twin Cities area.

As part of its cost-cutting measures, Target will also shutter its only Arkansas distribution center, located in Maumelle, near Little Rock. That move will impact 500 local employees and will take place later this year.

“We are clearly operating in an unprecedented economic environment that requires us to make some extremely difficult decisions to ensure Target remains competitive over the long-term,” said Target CEO Gregg Steinhafel in the release. The company did not return calls seeking comment by deadline.

The press release said headquarters employees will receive full pay and benefits through April 1, after which they’ll receive a comprehensive package based on years of service. Little Rock distribution center employees will be offered positions at other Target distribution centers, or will receive comparable severance, the release noted.

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