Target Corporation announced Wednesday that the company would be eliminating about 475 positions. The news comes after more than a month’s worth of bad press over a data breach.
Officials with Thomson Reuters announced this week it’s cutting a number of jobs at its Eagan location, resulting in the permanent loss of 184 positions. The announcement was made Monday to the company’s full-time employees. The legal publishing company announced in October that they’d be cutting 5 percent of all its workforce.
The same week thousands of workers protested across the nation to raise the federal minimum wage, one Minnesota company decided to do something about it. John Puckett, co-owner of Punch Neapolitan Pizza, says all eight of their Twin Cities’ locations now have minimum wage set at $10 an hour. “My business partner and I decided to invest in our people because we are growing our company in the Twin Cities,” Puckett said. “We really believe to have the best quality product and service, it’s the right thing to do.” Minnesota’s minimum wage is $7.25. Puckett hopes the pay will keep good workers and attract valuable employees to their company.
Another potential round of layoffs is looming over one of the Twin Cities’ largest employers. Boston Scientific says it plans to let about 1,500 workers go over the next two years.
Target said on Wednesday it let 150 employees go from its corporate headquarters. The company said the cuts were necessary to “eliminate duplications” and because of shifting roles to focus on its top priorities.
The federal government shutdown is now affecting Minnesota jobs. The state will lay off 105 health department workers immediately, and thousands of other federal workers in the state will face the same fate. And Congress appears to be standing still. According to Congressman Erik Paulsen’s office, he skipped out on his own event Monday to head back to Washington to work on ending the shutdown. Some disappointed constituents, like Michael Waring of Edina, said they wanted to talk with him about ending the shutdown – even if it means joining with Democrats to do it.
The Minnesota job market took a bit of a hit Thursday as the state’s largest bank announced job cuts that will affect thousands. Wells Fargo, which has offices in Minneapolis, announced it is cutting more than 2,300 jobs.
Supervalu is eliminating about 1,100 positions nationwide, or about 3 percent of its workforce, less than a week after the supermarket operator completed the sale of five of its grocery chains.
Officials with Best Buy, Inc., announced Tuesday they’re cutting costs and eliminating 400 jobs at its Richfield headquarters as part of a restructuring plan.
Minnesota’s medical device makers say a new tax to help pay for the federal health care law could cause cutbacks, and even layoffs.
Boston Scientific plans to cut as many as 1,000 additional jobs this year as the medical device maker expands a push to reduce operating expenses.
Officials with Caterpillar said Thursday they are planning to close their Owatonna plant and consolidating operations within their forestry business.
In another blow to Minnesota’s work force, St. Jude Medical has announced layoffs as part of a restructuring plan to deal with slumping sales.
Officials with the orchestra said they are laying off nine full-time workers and seven part-time workers in the hopes of saving nearly $500,000 per year.
Fridley-based Medtronic announced Thursday morning it’s laying off about 220 workers from its Mounds View office.