Hormel Foods has announced a corporate restructuring that includes cutting 250 corporate and sales positions. Read more about this decision.
Hormel is closing open roles and reducing certain positions to align resources with strategic priorities. The company is also implementing a voluntary early retirement program for non-plant staff.
This move is aimed at supporting future growth and strengthening the overall business. According to John Ghingo, president of Hormel Foods, resources are being directed towards technology, innovation, food safety, and quality.
“Hormel Foods remains focused on growth, which requires continued investment,” said Ghingo. The company expects to incur restructuring charges of $20-25 million for various expenses.
Hormel, like other CPG companies, is facing challenges such as declining sales and rising costs. The company is working to address these issues amidst inflationary pressure and other disruptions. Learn more about the recent developments at Hormel.
The food and beverage industry has seen job cuts in 2025 as companies adjust to changing demand. Companies like Nestlé, General Mills, and Molson Coors have also implemented workforce reductions to streamline operations.
Nestlé, for example, plans to cut 16,000 jobs to drive business turnaround. This represents about 6% of their global workforce of 277,000.