P.M. BRIEFING : 1,700 to Go at Marshall Field
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CHICAGO — Most of 1,700 corporate jobs at Marshall Field & Co.’s central headquarters may be eliminated as part of a consolidation effort by Dayton Hudson Corp., the company acquiring Field’s.
Dayton Hudson told Marshall Field & Co. employees in a letter Wednesday that the Chicago retailer’s central functions will be merged with Dayton Hudson’s once the acquisition is completed. A skeleton staff of Field’s current 1,700 corporate employees will remain in Chicago.
Last Thursday, Minneapolis-based Dayton Hudson announced that it would acquire Marshall Field’s for $1.04 billion, beating out several suitors including a group of Field’s managers. BAT Industries PLC of Britain put the 24-store chain up for sale last year.
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