More than 100 workers in the Detroit suburbs are being laid off as part of retail REIT Simon’s acquisition of Taubman Realty Group.
Taubman disclosed it was closing its headquarters in the suburbs of Detroit and eliminating 105 jobs in a Worker Adjustment and Retraining Notification Act post in mid-November after Simon Property Group announced the purchase of the 12% of Taubman shares it didn’t already own.