Target fires hundreds of Little Village warehouse employees apparently for medical loan scheme

Target fires hundreds of Little Village warehouse employees apparently for medical loan scheme

Hundreds of Target workers in Chicago appear to be out of a job after a scheme to not pay back medical loans offered by the company.

An internal investigation found team members violated the company's ethics at the Little Village warehouse.

A Block Club Chicago report says the firings all stem from the company's medical loan program, which gave out loans of more than $3,00 to cover expenses.

But a loophole let some workers pay back just $50 of the loan and get the remaining balance erased.

Up to 700 employees may have been fired; the scheme cost the company $1 million.

Target told CBS News Chicago there are now measures in place to prevent this from happening again. 

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