Hormel Foods Cuts 250 Corporate and Sales Jobs in Restructuring

Reuters

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Hormel Foods Cuts 250 Corporate and Sales Jobs in Restructuring

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hormel Foods Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: CG14758) on November 04, 2025, and is solely responsible for the information contained therein.

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ID: CG14758) on November 04, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4533","symbol_name":"AQR资本管理(全球第二大对冲基金)","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251104:nNDL61zrMy:1","article_id":"2580965732","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2580965732","pubTimestamp":1762263087,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Hormel Foods Corporation has announced a corporate restructuring aimed at aligning its resources with strategic priorities and supporting future growth. 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