• The Los Angeles Times reports that Target Corp. plans to eliminate nine percent of its headquarters staff, with the cuts affecting 600 employees and 400 open positions,.
Target also plans to close an Arkansas distribution center, which employs 500 people.
The Times writes that “other cuts include a salary freeze for senior management, stopping share repurchases, tightening consumer credit-card underwriting and credit granting, improving store productivity and reducing planned store openings.”
• Kroger Co. said yesterday that associates who are members of United Food & Commercial Workers (UFCW) have ratified a new labor agreement that covers more than 4,500 Kroger associates who work in 43 stores in central and southwest Virginia, northeast Tennessee, and southeast West Virginia.
Target also plans to close an Arkansas distribution center, which employs 500 people.
The Times writes that “other cuts include a salary freeze for senior management, stopping share repurchases, tightening consumer credit-card underwriting and credit granting, improving store productivity and reducing planned store openings.”
• Kroger Co. said yesterday that associates who are members of United Food & Commercial Workers (UFCW) have ratified a new labor agreement that covers more than 4,500 Kroger associates who work in 43 stores in central and southwest Virginia, northeast Tennessee, and southeast West Virginia.
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