Target CEO, Minnesota governor meet face-to-face

Minnesota Gov. Mark Dayton is meeting with Target CEO Brian Cornell on Monday to talk about the company's major layoff plans. There is little the governor can do to save jobs, but Dayton said he wanted to meet with Cornell to talk about the company's commitment to Minnesota and the thousands of workers who live here.

Last Wednesday, Target announced that it would cut thousands of jobs over the next two years. The news came as much of a shock to the governor to many of those who work at Target.

Dayton was upset that he wasn't given a heads up the company plans to trim about 20 percent of its downtown work force. With 13,000 employees, the governor has reason to be concerned. Target is Minnesota's fourth-largest employer after the Mayo Clinic, the state and the federal government.

READ MORE - Gov. Dayton calls Target layoffs 'tragic' and 'disruptive'

Gov. Dayton, whose family had a hand in the founding of Target, says he wants to help laid-off workers find new jobs so they don't leave the state. Target says it's committed to making tough decisions as part of a major restructuring plan.

Dayton has a busy day of mostly closed-door meetings. He will meet with Lt. Gov. Tina Smith, commissioners and staff throughout the day. Monday afternoon, he will meet with Cornell before providing remarks to a legislative reception.

:::: UPDATE ::::

Following his 45-minute meeting with Cornell, Dayton told reporter he was reassured to learn that Target at least has no plans to move its corporate headquarters from downtown Minneapolis.

"It's going to be difficult, it's going to be painful," Dayton said. "There's no sugar coating this for anyone... It's one of our most successful companies"

Dayton said the timing of when layoffs occur will be left up to Target execs, who he plans to meet with again on Friday.

More -- Target not commenting on reports layoffs are happening today

Up Next:

  • Popular

  • Recent

Stories you may be interested in – includes advertiser stories