Hormel Foods to cut ~250 corporate/sales roles, expects $20-25M restructuring charges

HORMEL FOODS CORP /DE/

Plan eliminates about 250 corporate and sales roles; most departures by Dec 31, 2025.
Restructuring charges of $20-$25M, mainly for pension, severance, stock comp, benefits.
Most charges in Q4 FY2025 and Q1 FY2026; cash outlay of $8M-$10M over next 12 months.
Includes voluntary early retirement, closing open roles, and involuntary reductions.
Company cites need to align resources with strategic priorities and improve efficiency.

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