Target eliminating 475 jobs worldwide

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MINNEAPOLIS (KARE) -- Target Corporation announced Wednesday that the company is eliminating 475 positions worldwide.

A spokesperson for the nation's No. 2 retailer told our sister-station KARE 11 in Minneapolis that another 700 positions have gone unfilled over the past six months. No word on how this will affect the Target store in Eau Claire.

In a statement released Wednesday afternoon the company said, "We believe these decisions, while difficult, are the right actions as we continue to focus on transforming our business."

The statement continued to say that Target continually assesses their operating model to ensure they are well-positioned to adapt to changing business needs.

The announcement comes as the company continues to deal with fallout after a security breach impacted millions of customers.

The company also announced Tuesday that Target will stop providing health coverage to its part-time workers on April 1.