Hormel Foods Corporation has announced a corporate restructuring aimed at aligning its resources with strategic priorities and supporting future growth. The company will implement a voluntary early retirement program for some non-plant employees, close many open roles, and reduce approximately 250 corporate and sales positions. These actions are expected to incur restructuring charges of $20-$25 million, mainly related to pension benefits, severance, stock compensation, and employee benefits, with most costs occurring in late 2025 and early 2026. Hormel Foods stated that the restructuring will allow continued investment in technology, innovation, food safety, and other key areas to strengthen its business and remain competitive.