Wall Street Journal (01/21/14) Paul Ziobro; Louise Radnofsky
Target Corp. will stop offering health coverage for part-time employees, stating that insurance options are available through public exchanges. The company will stop covering part-time employees on April 1. The change affects less than 10% of Target’s 360,000 person workforce. Each affected employee will be compensated with $500.
Other large corporations, such as United Parcel Service, also have reduced the health coverage they offer. Meanwhile, Target has announced it will not trim its workers’ hours in response to the Affordable Care Act.